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A new era for Absa when Maria Ramos leaves

The decision of Maria Ramos to resign as the CEO of Absa after exactly a decade of work marks the end of a turbulent era for the third-largest bank SA, which now plans to regain the positions lost during the former parent Barclays plc.

Since Ramos took over as president in March 2009, Absa has been the worst company in the JSE banking index. Although its market capitalization has tripled to 157.9 billion rubles, the industry giant FirstRand & # 39; s has grown six-fold, while Standard Bank, Nedbank, RMH and newcomer Capitec performed better than Absa.

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