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 2023 Absa Group Ltd Earnings Call Transcript

Aug 14, 2023 / 06:30AM GMT
Release Date Price: R177.76 (-3.35%)
Arrie Rautenbach
Absa Group Limited - Group CEO & Executive Director

Good morning, and thank you for joining us for our 2023 interim results presentation. Before I get into the results, I would like to begin with thanking all our stakeholders without whom these results wouldn't have been possible, our customers for their ongoing loyalty, our colleagues for their commitment in a difficult operating environment and our shareholders for their continued belief in Absa. Looking at our results, I will share my thoughts on the operating environment that we faced in the first 6 months of the year and where we stand as a group in delivering our strategic ambition before briefly focusing on our financial performance for the half. Thereafter, Jason will unpack our numbers in detail and provide guidance for the rest of 2023 and then we will take your questions.

The global, regional and domestic environments entered the year on an uncertain footing. Persistently high inflation prompted global central banks to continue increasing policy rates as fears of a sharp economic slowdown were moderated by

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