Jason Quinn Archives

Strong Recovery! Absa Group reports 27% interim earnings increment

Nelson NambooleNews & AnalysisAugust 17, 2022August 17, 2022

Absa Group headline earnings increased 27% to R11 billion (about UGX2,531,000,000,000) in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic…

Absa Group Appoints Arrie Rautenbach as Chief Executive Officer

CEO ReporterCompany News News & AnalysisMarch 29, 2022March 29, 2022

Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board. Arrie,…

Absa Group Appoints Saviour Chibiya as Group Executive: Absa Regional Operations

CEO ReporterCompany News News & AnalysisNovember 1, 2021November 1, 2021

Absa Group has announced the appointment of Saviour Chibiya as Group Executive: Absa Regional Operations (ARO). According to the Group, Saviour will be responsible, together with Retail Business Banking (RBB) and…

Absa Group Reports Increased Earnings on Broad-based Recovery; Resumes Dividend Payments

CEO ReporterCompany News News & AnalysisAugust 16, 2021August 16, 2021

Absa Group Ltd., one of Africa’s largest financial services providers, reported an increase in interim earnings and resumed dividend payments as the economic effects of the pandemic eased in the…

COVID-19: Absa Group earnings decline by 82%

Samuel MuhimbaCompany NewsAugust 27, 2020August 27, 2020

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…