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| Group Chief Executive’s review |
| Absa has succeeded in maintaining its earnings momentum of recent years.
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| The Group’s results were achieved through further diversification of earnings in favour of commercial and investment banking, improvements in operational efficiency, and continued growth arising from its market position in retail banking. The Group was able to deliver solid earnings growth, despite an increasingly challenging economic environment. |
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| Financial analysis |
| The Group increased headline earnings by 19,6% to R9 413 million.
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| The key features of the Group's performance for 2007 include advances growth of 22,0%, top-line income growth of 19,1%, an increase in the proportion of earnings from commercial and investment banking, improved operational efficiency and an increase in retail credit impairment charges. |
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AT A GLANCE |
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ANNUAL GENERAL MEETING |
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DOWNLOADS |
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USEFUL |
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Terms & conditions