Absa Group’s Post

It’s that time of the week again, here’s our review on the HSBC Max Rewards credit card. Ambareen Musa The credit card reviews provided on this page are for informational purposes only and do not constitute financial advice or endorsement of any specific card/financial product. All information presented in these reviews is sourced directly from the official websites of the respective banks or financial institutions that issue the credit cards. We recommend seeking independent guidance from qualified financial experts. • • • #creditcard #dubaicreditcard #HSBC #hasbcmaxrewards #hsbccreditcard #financialwellness #smartfinance #budgetingtips #financialeducation #moneymanagement #financeeducation #debtfreecommunity #uaeapps #uae #moneyuae #yabi #yabimoney #yabiuae

Inorganic growth

🌟Exciting Market Insights from the Latest CIO Weekly Report!🌟 The past week brought volatility with a slightly positive trend and notable currency movements. US exceptionalism shines through flash PMIs, contrasting Europe and Japan's performance. 🚀 Key Dates to Watch: - 🗓️ US Presidential Debate: This Friday - 📊 May Core PCE Inflation Release Stay informed and ahead of the market curve with these crucial updates. Dive into the full report for more details! PREPARING FOR A HOT SUMMER AHEAD June 24th, 2024 - Volatile yet positive week, with significant currency moves. - Flash PMIs show US exceptionalism; Europe and Japan disappoint. - Key upcoming events: US Presidential debate and May core PCE inflation release. Find out more in the [CIO Weekly Report](https://lnkd.in/d3QpfSdJ).

Mashreq Sets Sight on Private Banking Leadership in the Middle East and Beyond Mashreq, a stalwart in the UAE’s financial sector, is on an ambitious journey to redefine its position as not just the region’s oldest bank but as a global leader in private banking. That mission is underpinned by a strategic vision articulated in a recent discussion by Navin Chokhani, Head of Client Value Management, Private Banking and Biju Thomas, Senior Director & Head of Family Office. They explained to Hubbis how the bank aims to transcend its regional expertise to strengthen the international footprint and attract a diverse global clientele to complement its regional market presence, and offer a one-stop solution for a variety of wealth, banking, and curated solutions. This forward-looking plan includes expanding operations into new markets including Egypt and other #GCC countries and enhancing digital platforms to blend innovation with personalised client service. Through these initiatives, Mashreq aspires to be a transformative player in the #UAE and broader #MiddleEast financial landscape, offering bespoke #wealthmanagement solutions that cater to the nuanced needs of high-net-worth individuals across the globe.

This comprehensive report on the banking industry in South Africa covers central banking, development banks, commercial and mutual and co-operative banks and other credit providers. It includes information on the size of the industry such as number of banks, customers, and major performance stats including loans and impairments. It covers the state of the industry, digital banking, economic effects on the industry, financial sentiment and stability, notable players, corporate actions and influencing factors. There are profiles of 82 companies including major players such as Absa, FirstRand, Standard Bank, Nedbank, Investec and Capitec, digital banks such as Bank Zero and TymeBank, international players such as BNP Paribas, development banks such as the Development Bank of Southern Africa and leasing companies such as the financial services arms of Toyota and BMW.

🚀 Absa Bank Moçambique has officially started its banking operations under its new name, marking a significant milestone in one of the largest rebranding projects in Africa. #AbsaBank #Rebranding #BankingOperations 🏦 Former Barclays Bank customers can now use their cards at ATMs, access their accounts, and carry out banking operations seamlessly at Absa Bank Moçambique branches. #SeamlessBanking #CustomerExperience #AbsaBank 💼 As part of a broader transition program across Africa, Absa Group is undergoing a massive restructuring process, including renaming Barclays branches and implementing the new brand's colors. #AbsaGroup #Restructuring #BrandTransformation 💸 With over $91 billion in total assets and a strong presence on the Johannesburg Stock Exchange, Absa Group is one of Africa's largest financial services groups, offering a wide range of banking, investment, and insurance products. #FinancialServices #AbsaGroup #BankingProducts 🌍 Absa Group operates in 12 African countries, has a representative office in London, and is also set to open another one in New York, positioning itself as a global player in the financial industry. #GlobalExpansion #AbsaGroup #FinancialIndustry

The 5 major banks in South Africa: Standard Bank, FNB, Nedbank, Absa and Investec, which collectively hold 89.5% of the total banking sector’s assets, are not without risks and challenges. One such risk is the setting up of a state bank, which could lead to contagion in the banking system if it encourages reckless lending. The President signed the bill into law in September last year, with the bank still needing to receive a formalised license. Read about this and much more by purchasing our full report on the banking industry in South Africa: https://bit.ly/4a9AGPg #banking #statebank #bankingassets

Here's a link to my conversation with Absa Bank Kenya's Chief Finance Officer, Yusuf Omari, to discuss the FY2023 earnings in which the bank delivered 12.2% growth in net earnings to Kes 16.4 billion (US$ 123.6 million). We had a wide ranging discussion covering: 1. The balance sheet & outsized expansion in the loan book in Q12023 which tapered off in subsequent quarters (notably Q2 & Q3,2023). Still on the balance sheet, the bank mopped up some good measure of deposits in the latter half of 2023 2. It's the first time since the brand transition that Absa Bank closed the financial year with exposure on the Central Bank window. We discussed liquidity in the market & what triggered this? 3. Kes 2.1 billion (US$15.83 million) worth of restructuring of loans in FY2023 & whether in the prevailing environment it has necessitated slow pedalling on the push for a 50:50 split in wholesale & retail banking 4. The trimming of holdings of government paper in the period under review & whether looking at that within the context of the interest income speaks to a portfolio restructuring exercise on that front 5. The bank's <40.0% cost-to-income ratio & whether it is now venturing into territory where it points to below optimal positioning More via link below...

The delivery of another SIRA later this year will mark the completion of my assignment at Rabobank Wholesale & Rural. In these 18 months, we have created a sound and recognized SIRA process and report enabling Rabobank management to steer on FEC risks and the mitigation thereof. Time to move on and looking forward to bring this and my other experiences to the table in new challenges as of January 2024. Let’s explore… #SIRA #FEC #KYC #projectmanagement #programmanagement #compliance #finance #operations #banking #insurance #pension #riskassessment

We are committed to sharing the latest updates in the Islamic finance industry with the world, because sharing knowledge is a form of caring. #financeindustry #islamicfinance #knowledgesharing #learningandgrowing #sustainability