FilingReader Intelligence

Absa expects mid-teen earnings growth for first half

June 27, 2025 at 09:02 PM UTCBy FilingReader AI

Absa Group (JSE:ABG) has issued a trading update forecasting mid-teen earnings growth for the six months ending June 30, 2025. The bank expects its return on equity (RoE) to improve to approximately 14.8%, up from 14.0% in 1H24. Revenue growth is projected at mid-single digits, with non-interest income growing more than net interest income. The Group's CET 1 ratio is expected to be near the top of its 11.0% to 12.5% target range, while maintaining a dividend payout ratio around 55%. The credit loss ratio is expected to improve from 123 to between 75 and 100 basis points. Geographically, South Africa is anticipated to be a primary driver of earnings growth, mainly due to reduced credit impairments. Absa will release its 1H25 results on August 18, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:ABGEJohannesburg Stock Exchange

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