Absa Bank Ltd - Company Profile
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Absa Bank Ltd (Absa Bank), a subsidiary of Absa Group Ltd, is a financial institution providing a range of banking and financial services. The bank’s main activities include retail, business, corporate, investment banking, and wealth management. Absa Bank offers products such as transactional banking, savings and investments, unsecured lending, home loans, and vehicle and asset finance. The bank serves retail consumers, small and medium enterprises, commercial clients, and corporate entities across various sectors, including agriculture, public sector, and renewable energy. Absa Bank interacts with its customers through a combination of physical branches and digital platforms. The company operates primarily in South Africa, with additional services in selected markets like Nigeria and Namibia. Absa Bank is headquartered in Johannesburg, Gauteng, South Africa.
Headquarters
South Africa
Address
Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, 2000
Website
www.absa.co.za
Telephone
27 11 3504000
No of Employees
30,627
Industry
Financial Services
Revenue (2024)
$8.7B
Absa Bank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Private Banking |
| Checking | Stock Broking |
| Savings | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In October, the company along with Standard Bank of South Africa entered into two memoranda of understanding with the Saudi Export-Import Bank on the sidelines of the Saudi-South African Business Forum in Johannesburg, South Africa. |
| 2024 | New Products/Services | In July, the bank introduced ultimate banking with 34 free benefits. |
| 2024 | New Products/Services | In July, the bank launched Absa Pay, a digital payment solution. |
Competitor Comparison
| Key Parameters | Absa Bank Ltd | The Standard Bank of South Africa Ltd | Nedbank Ltd | First National Bank (FNB) | Capitec Bank Holdings Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Johannesburg | Johannesburg | Sandton | Johannesburg | Stellenbosch |
| State/Province | Gauteng | Gauteng | Gauteng | Gauteng | Western Cape |
| No. of Employees | 30,627 | 29,040 | - | - | 17,672 |
| Entity Type | Private | Private | Private | Private | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kenny Fihla | Group Chief Executive Officer; Director | Executive Board | 2025 | - |
| Rene van Wyk | Chairman | Non Executive Board | 2025 | - |
| Deon Raju | Director; Group Financial Director | Executive Board | 2024 | - |
| Rose Keanly | Director | Non Executive Board | 2019 | - |
| Paul Smith | Director | Non Executive Board | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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