Full Year 2020 Absa Group Ltd Earnings Call Transcript
Good morning and thank you for joining us for Absa's 2020 Annual Results Presentation. As you are aware, we are presenting these results to you after a difficult week for the Absa Group, during which we lost and laid to rest Peter Matlare, our Deputy Group CEO. Peter was a valuable member of our executive team and played a key role in overseeing our regional operations. He was a seasoned corporate executive, much respected by colleagues, clients and our broader stakeholder community. Many of you sent your condolences and messages of support, and I'd like to thank you for that on behalf of Peter's family and Absa.
I will briefly cover the difficult operating environment we encountered in 2020 and then share my thoughts on our performance during the past year. Thereafter, Jason will unpack our numbers, following which I will update you on our refreshed strategy before we respond to any questions you may have.
The COVID-19 pandemic upended the global economy in 2020, producing historic declines in economic
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