Absa has warned of a huge decline in earnings and a potential doubling in credit impairments due to the Covid-19 pandemic, but the bank is trying to minimise the effect of the virus on consumers.
Business Day TV spoke to CEO Daniel Mminele for more detail on how the bank has responded to the pandemic.
WATCH: How Absa is responding to the coronavirus pandemic
Image: GETTY IMAGES/ WALDO SWIEGERS
Absa has warned of a huge decline in earnings and a potential doubling in credit impairments due to the Covid-19 pandemic, but the bank is trying to minimise the effect of the virus on consumers.
Business Day TV spoke to CEO Daniel Mminele for more detail on how the bank has responded to the pandemic.
Absa CEO Daniel Mminele talks to Business Day TV about how the bank is dealing with the pandemic
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