Absa Group Ltd, parent group of Uganda’s 3rd largest bank by assets and customer deposits, has reported an 82% decline in normalized interim earnings after impairments increased four-fold to R14.7 billion (UGX3.2 trillion).
According to Absa Group, the Impairment charges rose as customers and clients struggled to repay dsebt and as the Group took decisive action to increase impairment provisi
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