ABCH leads pack on BSE

| Friday August 22, 2014 13:42

This was on the back of a very invigorating buy-out offer to the company by Atlas Mara. This led to the price escalating to its all time high of 720 thebe since its listing. ABCH, which has been having huge impairments on its loan book, remained attractive trading at a price to earnings of 9x significantly lower than the other banks. The retail bank saw its profit after tax surge by 29 percent year on year for their financial results for the year ended December 31,2013 while the loan book for the group firmed by 15 percent year on year to about P10.6 billion.