Glaser added that it is difficult to draw conclusions this early, and it is important to see how the process is handled going forward. "It will be useful to see how the public protector takes into account the comments submitted by Absa to ensure that the final report is fair," he said.
"So far the public protector has done nothing to reassure citizens that she is willing to tackle complaints of corruption in high places," he said.
Mkhwebane is yet to receive submissions from Absa, before the report can be finalised.
"We have written to the public protector informing her that we accept her invitation to make further submissions in terms of the Public Protector Act," Absa said.
"These submissions will correct several factual and legal inaccuracies that are contained in the provisional report. This will be done on or before the deadline of February 28 2017."
The bank added that the Davis Panel of experts appointed by former Sarb governor Tito Mboweni in 2000 found Absa shareholders did not derive any undue benefit from the Sarb's intervention, and as such no claim of restitution could be pursued against Absa.