Absa Group, one of the largest banking groups in South Africa, reported a 12 percent increase in full-year headline earnings, supported by lower credit impairments and stronger performance in its corporate banking operations, Reuters reported.
The lender recorded headline earnings of about 24.7 billion rand ($1.51 billion) for the financial year ending December 31, 2025, while revenue rose about 5 percent to 115.7 billion rand, reflecting steady growth in non-interest income even as retail lending expansion slowed, CNBC Africa reported.
Absa said its pre-provision profit increased to around 53.5 billion rand, while credit impairment charges declined to roughly 13.4 billion rand, improving the bank’s credit-loss ratio to about 88 basis points from 103 basis points the previous year.
The bank also noted that its rest-of-Africa operations delivered stronger earnings growth than its South African business, driven by expanding customer bases and improved profitability across regional markets. Absa declared a final dividend of 850 cents per share, reflecting improved financial performance and confidence in its outlook.
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