There is clear evidence that the higher interest rate environment is placing significant pressure on sensitive parts of the economy such as consumer-facing sectors, Absa said, adding"degrading rail and port infrastructure" also present a downside risk.
Absa also said the results showed the benefits of its push into a well-diversified franchise as well as its growth strategy. "We have a well-positioned balance sheet to withstand it. We continue to believe in our strategy ... and we are seeing the tangible benefits of a consistent execution."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Personal and Business Banking | Standard BankLooking to pay ZERO monthly fees for an investment account and earn up to 8.70% interest? It can be with StandardBankZA’s MoneyMarket Select Investment Account. Find out more at . Standard Bank is an authorised FSP and a registered credit provider.
La source: ecr9495 - 🏆 38. / 51 Lire la suite »