{"id":45180,"date":"2023-08-20T18:10:16","date_gmt":"2023-08-20T18:10:16","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends"},"modified":"2023-08-20T18:49:18","modified_gmt":"2023-08-20T18:49:18","slug":"absa-bank-pays-out-e7-3m-in-dividends","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends","title":{"rendered":"Absa Bank pays out \u20ac7.3M in dividends"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>South Africa\u2019s Absa Bank Moc\u0327ambique, one of the largest in the country, announced on Wednesday that it will pay out 511 million meticais (\u20ac7.3 million) in dividends to shareholders from 1 September for the 2022 financial year.<\/p>\n<p>According to public information released by the bank, this is a gross payment of 9.23 meticais (\u20ac0.13) for each of the 55,380,000 shares that make up the Mozambican bank\u2019s share capital, as previously determined at the general meeting.<\/p>\n<p>The bank closed the 2022 financial year with profits of more than 1.022 billion meticais (\u20ac14.6 million), an increase of 61.4 per cent compared to 2021, according to the report and accounts consulted by Lusa.<\/p>\n<p>Absa Bank Moc\u0327ambique\u2019s share capital is 98.68% owned by the South African group Absa, with the remaining 1.32% controlled by minority shareholders, such as current employees and others.<\/p>\n<p>South Africa\u2019s Absa is one of Africa\u2019s largest financial services groups, with around 38,000 employees, a presence in 12 African countries and a listing on the Johannesburg Stock Exchange.<\/p>\n<p>The group includes operations in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia, as well as offices in Namibia and Nigeria and an international presence in London and New York.<\/p>\n<p>In Mozambique, Absa Bank employed a total of 663 people at the end of 2022 and closed the year with a 10% share of the country\u2019s total banking customers and 8.4% of deposits.<\/p>\n<p>Absa Bank Moc\u0327ambique\u2019 sprofits more than doubled in the first half of the year, to 779.6 million meticais (\u20ac11.2 million), according to financial statements previously reported by Lusa.<\/p>\n<p>In the same document, the bank recalls that it had a net profit in the same period (1st January to 30th June) of 2022 of 370.4 million meticais (\u20ac5.3 million), so its performance in the first half of this year represents year-on-year growth of more than 110%.<\/p>\n<p>On 30 June, Absa Bank Moc\u0327ambique had total assets of over 81.81 billion meticais (\u20ac1.174 billion), compared to just over 66 billion meticais (\u20ac948.4 million) on 31 December 2022.<\/p>\n<p>Total liabilities closed the first half of this year at 71.896 billion meticais (\u20ac1.032 billion) \u2013 namely 56.7 billion meticais (\u20ac813.8 million) in customer deposits \u2013 compared to 57.065 billion meticais (\u20ac819 million) at the end of 2022.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. South Africa\u2019s Absa Bank Moc\u0327ambique, one of the largest in the country, announced on Wednesday that it will pay out 511 million meticais (\u20ac7.3 million) in dividends to shareholders from 1 September for the 2022 financial year. According to public information released by the bank, this is a gross payment of 9.23 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":45179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-45180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Absa Bank pays out \u20ac7.3M in dividends - Mozambique<\/title>\n<meta name=\"description\" content=\"South Africa\u2019s Absa Bank Moc\u0327ambique, one of the largest in the country, announced on Wednesday that it will pay out 511 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Absa Bank pays out \u20ac7.3M in dividends\" \/>\n<meta property=\"og:description\" content=\"South Africa\u2019s Absa Bank Moc\u0327ambique, one of the largest in the country, announced on Wednesday that it will pay out 511 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-20T18:10:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-20T18:49:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1692540884.631812.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Absa Bank pays out \u20ac7.3M in dividends\",\"datePublished\":\"2023-08-20T18:10:16+00:00\",\"dateModified\":\"2023-08-20T18:49:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1692540884.631812.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/absa-bank-pays-out-e7-3m-in-dividends\",\"name\":\"Absa Bank pays out \u20ac7.3M in dividends - 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