Absa Group Ltd (JSE:ABG)
R 167.48 -0.52 (-0.31%) Market Cap: 138.80 Bil Enterprise Value: 300.96 Bil PE Ratio: 7.35 PB Ratio: 0.88 GF Score: 77/100

Full Year 2019 Absa Group Ltd Earnings Call Transcript

Mar 11, 2020 / 06:30AM GMT
Release Date Price: R122.11 (+1.74%)
Aaron Daniel Mminele
Absa Group Limited - Group CEO & Executive Director

Good morning, everyone, and thank you for joining our call. Having been part of Absa for just under 2 months, today presents a good opportunity for me to share my initial impressions of the group with you and to comment on our 2019 results before Jason unpacks our financials.

I spent a significant part of the last 2 months on a listening to familiarize myself with our business. This entailed introductory sessions with my group executive committee and their teams, connecting with Board members, meeting some key clients and engaging with some large shareholders and also some of our regulators.

As part of launching the Absa brand, I also had an opportunity to get a sense of operations in 2 of our largest markets outside South Africa, Ghana and Kenya, and I also visited a number of branches in South Africa and Ghana. My impressions of the organization are starting to take shape, giving me an appreciation of the key drivers of the business and where our opportunities and challenges lie. My sense is that Absa has

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