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Absa Group (ABG) investor relations material
Absa Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Headline earnings rose 8% year-over-year to ZAR 12.8 billion, with RoE improving to 15.0% and strong South Africa performance offsetting weaker Africa Regions results.
All business units grew earnings, notably Personal & Private Banking (up 12%, ROE 15.2%) and Business Banking (up 5%, ROE 24.6%).
Continued investment in digital, talent, technology, and operational efficiency to support long-term growth.
Leadership depth and accountability strengthened, with early benefits seen in execution and alignment.
Financial highlights
Headline earnings up 8% to ZAR 12.8 billion; revenue up 4% to ZAR 58.8 billion; net interest income up 3% to ZAR 37.4 billion; non-interest income up 6% to ZAR 21.4 billion.
Return on equity improved to 15%; CET1 capital ratio at 12.8%, above target range.
Interim dividend per share up 8% to 850 cents; NAV per share up 5% to 20,968 cents.
Customer loans grew 6% to ZAR 1.49 trillion; deposits up 5% to ZAR 1.5 trillion.
Cost-to-income ratio at 53.4%; operating expenses up 4%.
Outlook and guidance
2026 guidance: low- to mid-single digit revenue growth, high single-digit loan growth, mid- to high-single digit deposit growth.
Credit loss ratio expected to remain in the middle of the 75–100bps target range; RoE around 15%; CET1 ratio to finish 2026 at the top end of the 11.0–12.5% target range.
Dividend payout ratio maintained at 55%.
Macroeconomic risks include Middle East volatility, El Niño weather impacts, and regulatory uncertainties.
- Revenue growth and Africa momentum were offset by elevated South African credit stress.ABG
H2 2023 - Modest growth and stable credit quality expected in 2026, with ROE near 14.8%.ABG
Trading update - Headline earnings up 12% to nearly ZAR 25bn, with strong CIB and Africa Regions growth.ABG
H2 2025 - ROE targets raised to 16%-19% by 2028, with Africa regions and CIB driving growth.ABG
Trading Update - Headline earnings up 17% year-over-year, ROE at 14.8%, and dividend per share up 15%.ABG
H1 2025 - Earnings declined 5% as higher costs and credit losses offset revenue growth; ROE at 14%.ABG
H1 2024 - Earnings and revenue growth guidance lowered for 2024 amid weaker non-interest income and margin pressure.ABG
Trading Update - All resolutions passed amid strong financials, board renewal, and progress in ESG and diversity.ABG
AGM 2025 - Earnings up 10%, ROE at 14.8%, and 2025 guidance signals further recovery and growth.ABG
H2 2024
Next Absa Group earnings date
Next Absa Group earnings date
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