Absa Bank Ltd - Company Profile

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Absa Bank Ltd: Overview

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Absa Bank Ltd (Absa Bank), a subsidiary of Absa Group Limited, is a provider of a range of banking products and related financial solutions. Its offerings consist of a range of deposits and accounts such as checking, savings, youth and current accounts, term deposits; card products such as credit and debit cards; loans for consumer, businesses, and corporate financing; life and non-life insurance coverage; investment banking; merchant acquiring services; international banking; private banking; and e-banking solutions. The bank also provides Islamic banking, agri-banking solutions, investment management, portfolio management, retirement planning, and broking services. Absa Bank serves individuals, SMEs, corporates, and high net-worth clients. The bank primarily operates in South Africa, as well as selected markets in Nigeria and Namibia. Absa Bank is headquartered in Johannesburg, South Africa.

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Headquarters South Africa
Address Absa Towers West, 15 Troye Street, Johannesburg, 2000
Website www.absa.co.za
Telephone 27 11 3504000
No of Employees 30,627
Industry Financial Services
Ticker Symbol & Exchange ABSP (JNB)
Revenue (2022) $7.7B 24.9% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -31.3% (2022 vs 2021)
Market Cap* $196.7M
Net Profit Margin (2022) XYZ -45.0% (2022 vs 2021)
* As of and is in US$
View Absa Bank Ltd financials
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Absa Bank Ltd premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Absa Bank Ltd (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Absa Bank Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Accounts and Deposits: Private Banking
Checking Stock Broking
Savings Wealth Management
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Contracts/Agreements In July, the company and UAP Old Mutual unveiled the Absa Medical Insurance policy targeting self-employed and non-salaried individuals in the drive to increase access to health insurance in Uganda.
2023 Acquisitions/Mergers/Takeovers In May, the company acquired a minority stake in Khula!App.
2022 Divestiture In April, the company sold its 7.4% stake held by Barclays Principal Investments for US$687 million.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Absa Bank Ltd FirstRand Ltd The Standard Bank of South Africa Ltd Nedbank Ltd First National Bank (FNB)
Headquarters South Africa South Africa South Africa South Africa South Africa
City Johannesburg Sandton Johannesburg Sandton Johannesburg
State/Province - Gauteng Gauteng - Gauteng
No. of Employees 30,627 50,178 28,870 - -
Entity Type Public Public Private Private Private
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Find out more
Executives
Name Position Board Since Age
Arrie Rautenbach Chief Executive Officer; Director Executive Board 2022 57
Jason Quinn Director - Finance; Director Executive Board 2022 48
Sello Moloko Chairman Non Executive Board 2022 57
Rose Keanly Director Non Executive Board 2022 64
Nonhlanhla Mjoli-Mncube Director Non Executive Board 2022 64
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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