08 Dec 2023

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Absa drops after flagging above-target credit losses

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Garth Theunissen
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Absa says higher interest rates are likely to see it report an above target credit loss ratio in 2023.
Absa says higher interest rates are likely to see it report an above target credit loss ratio in 2023.
Elvira Wood

Shares in Absa, South Africa's fourth largest bank by market value, were down 6% on Friday after the group flagged above-target credit losses in 2023.

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