Browsing: The Far Property company

The Far Property company to list more linked units on BSE. www.theexchange.africa

There was a strong performance in the bank’s recoveries portfolio, contributing to the overall positive performance of expected credit losses. This led to the loan loss ratio improving to 0.16 per cent from 0.59 per cent for period ended June 30, 2022. Operating costs remain relatively under control at P473 million, growing slightly by only 3 per cent, despite the rising inflation seen in the economy.

The bank in their report also highlighted that this was achieved by leveraging off the digital enablement put in place which brought some efficiencies, as well as various other cost management initiatives effected. Cost to income ratio fell by 4 per cent and ended at 54 per cent for the period under review, resulting in positive income statement jaws of 7 per cent.

Meanwhile, Barclays sold shares in the Group. This was published on the Johannesburg Stock Exchange on September 1, 2022.

Barclays agreed to sell its entire remaining 7.44 per cent which is 63 072 652 shares of the total ordinary shares of the Group through an accelerated book build placing, at a price of R169 per share. Following the sell, Barclays no longer owns any ordinary shares of the Group.