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

Half Year 2020 Absa Group Ltd Earnings Call Transcript

Aug 24, 2020 / 06:30AM GMT
Release Date Price: R83 (+3.13%)
Aaron Daniel Mminele
Absa Group Limited - Group CEO & Executive Director

Good morning, everyone, and thank you for joining us for Absa's interim results presentation. First of all, I hope that you and your loved ones are safe and well in these extraordinary times as COVID-19 continues to weigh heavily on us all. I will cover the substantial impact of COVID-19 on the economies in which we operate and our response to the pandemic so far, following which, I will update you on the completion of our separation from Barclays PLC, before commenting on our performance during the first half of 2020. Thereafter, Jason will dissect our numbers for the period, particularly details on our credit impairments, following which, I will provide some concluding remarks before Jason and I respond to any questions you may have.

COVID-19 is generating health and economic challenges almost without modern precedent across the global, regional and domestic economy. Across the globe, policymakers have moved quickly with emergency economic support and critical public health initiatives of vast scope. These measures

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