Absa Group Ltd 2009 AR2
The report highlights Absa Group Limited's performance for the fiscal year ended December 31, 2009, during which the company launched its 'One Absa' strategy to drive an integrated approach across its businesses. Despite the global economic downturn and rising credit impairments that led to a 25.5% decline in headline earnings per share, the Group grew its banking customer base by 9.3% to 11.7 million. Absa maintained strong capital adequacy levels, with its Tier I capital ratio improving to 12.7% and its total capital adequacy ratio rising to 15.6%. Additionally, the Group achieved Level 4 BEE compliance under the DTI Codes of Good Practice and was recognized as a 'Best Performer' in the JSE Socially Responsible Investment Index for the third consecutive year.
Company: Absa Group Ltd
Sector: Financials
Country: South Africa
Year: 2009
Type: AR2
Pages: 353
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Absa Group Ltd
Annual Report
The report highlights Absa Group Limited's performance for the fiscal year ended December 31, 2009, during which the company launched its 'One Absa' strategy to drive an integrated approach across its businesses. Despite the global economic downturn and rising credit impairments that led to a 25.5% decline in headline earnings per share, the Group grew its banking customer base by 9.3% to 11.7 million. Absa maintained strong capital adequacy levels, with its Tier I capital ratio improving to 12.7% and its total capital adequacy ratio rising to 15.6%. Additionally, the Group achieved Level 4 BEE compliance under the DTI Codes of Good Practice and was recognized as a 'Best Performer' in the JSE Socially Responsible Investment Index for the third consecutive year.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees