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Trading Statement for the year ended 31 December 2020 - BIABS and ABGI
ABSA GROUP LIMITED
(formerly known as Barclays Africa Group Limited)
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: ABGI
(“ABSA Group” or “ABGI”)
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("“Absa”)
TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
In accordance with section 3.4(b) of the JSE Listings Requirements, and updating Absa Group’s
trading statement published on 19 November 2020, shareholders are advised that there is more
certainty regarding our financial results for the year ended 31 December 2020 and we are able to
provide a narrower earnings range. Moreover, the trends set out in our previous trading statement
remain relevant.
Absa Group’s IFRS headline earnings per share (HEPS) and earnings per share for the year
ended 31 December 2020 are expected to decline by 55% to 60% from the 2019 comparatives
of 1750.1 cents and 1717.6 cents, respectively. Normalised HEPS for the period is expected to
decrease by 50% to 55% from the 1926.0 cents in 2019.
The Group expects to release its financial results for the year ended 31 December 2020 on
15 March 2021.
Johannesburg
19 February 2021
Enquiries:
Alan Hartdegen
(+27 72) 576-2713
E-mail: alan.hartdegen@absa.africa
Editor’s Note:
Normalised reporting
Given the process of separating from Barclays PLC, Absa Group continues to report IFRS -
compliant financial results and a normalised view. The latter adjusts for the consequences of the
separation and better reflects its underlying performance.
19 February 2021
Debt sponsor to ABSA Group Limited and Absa Bank Limited:
Absa Bank Limited, acting through its Corporate and Investment Banking division
Date: 19-02-2021 10:44:00
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