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Barclays - 2018 and beyond
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Ericsson
#131 Posted : Friday, August 28, 2020 9:56:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
young wrote:
https://www.absabank.co.ke/investor-relations/

Note: Click Financial Reports and proceed
from there .


Just wondering :-

1. What was the motivation for steep rise of ABSA from 8.50 to 10+ bob in the past 1 week with LARGE volumes ?

2 Why is the rebranding cost of 1.7bn after full migration introduced in HY 2020? Was the cost element not broken to tranches since the begining 2018?


https://www.businessdail...15278-drkoty/index.html


I guess they meant for current year,in the 6 months they've spent ksh.1.7bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#132 Posted : Thursday, November 26, 2020 8:57:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
ABSA 2020 PBT
Q1--3.43bn
Q2--Loss of 171mn
Q3--2.076bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#133 Posted : Wednesday, March 24, 2021 2:03:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
ABSA 2020 PBT
Q1--3.43bn
Q2--Loss of 171mn
Q3--2.076bn

Q4--Loss of 231mn

FY2020 profit ksh.5.098bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kmucheke
#134 Posted : Tuesday, April 13, 2021 11:53:19 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
Absa wins row over 98 Itare dam scam vehicles

Quote:
Absa Kenya has won the first round in the fight for 98 motor vehicles purchased by the bankrupt Italian firm CMC Di Ravenna for use in the construction of the controversial Itare Dam in Nakuru.
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Angelica _ann
#135 Posted : Tuesday, April 20, 2021 1:30:39 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
https://www.businesslive...to-step-down-from-role/

Absa CEO Daniel Mminele set to leave due to strategic differences with board
Mminele and the bank have agreed to part ways and are working on a separation agreement, the lender says
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#136 Posted : Thursday, April 22, 2021 11:20:44 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
https://www.businesslive.co.za/bd/companies/financial-services/2021-04-20-absa-ceo-daniel-mminele-to-step-down-from-role/

Absa CEO Daniel Mminele set to leave due to strategic differences with board
Mminele and the bank have agreed to part ways and are working on a separation agreement, the lender says


His deputy (Peter Matlare) succumbed to covid-19 related complications last month.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#137 Posted : Friday, May 21, 2021 9:16:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
2021 Q1 Profit before tax ksh.3.4bn.
No exceptional items.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#138 Posted : Wednesday, October 06, 2021 12:01:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://tradingroom.co.k...nagement-businesses-sa/

ABSA to combine it's investment management business with that of Sanlam.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#139 Posted : Thursday, October 07, 2021 11:55:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Absa breaches lending law in Sh18.8bn loan to EABL
https://www.businessdail...8bn-loan-to-eabl-3575148
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#140 Posted : Thursday, October 21, 2021 10:29:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Former Absa staff lose legal battle in Sh300m pay row
https://www.businessdail...e-sh300m-pay-row-3590846
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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