Absa headline earnings up

16 February 2011 - 11:24
By Penwell Dlamini

ABSA has reported increased headline earnings of 6 percent to R8 billion for the year ended 31 December 2010.

Absa group chief executive Maria Ramos said the One Absa strategy was on track.

The bank said it's full-year performance had been mainly driven by its retail and investment banking divisions. Retail banking grew its headline earnings by 85 percent.