Absa Group Ltd - Company Profile
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Absa Group Ltd (Absa Group) is a financial services provider. It offers banking, insurance, and financial products and services to individual, corporate, and SME clients. Its portfolio of banking products includes current and savings accounts, debit and credit cards, home and personal loans, vehicle and asset finance, and transactional and deposit products. It provides trade solutions, working capital solutions and infrastructure and equity investments. Absa Group offers insurance coverage for life, death, disability, funeral, life wrapped, and retrenchment. Its service offerings include cash management, financial advisory, investment management, electronic banking, and fiduciary services. Its operations are spanned across South Africa, Botswana, Ghana, Kenya, Mauritius, Mozambique, Uganda, Tanzania, Seychelles, the UK, the US, Namibia, Nigeria, and Zambia. Absa Group is headquartered in Johannesburg, Gauteng, South Africa.
Headquarters
South Africa
Address
7th Floor, Absa Towers, West 15 Troye Street, Johannesburg, Gauteng, 2001
Website
www.absa.africa/absaafrica
Telephone
27 11 3504000
No of Employees
37,107
Industry
Financial Services
Ticker Symbol & Exchange
ABG (JNB)
Revenue (2022)
$11.1B
26.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-0.4%
(2022 vs 2021)
Market Cap*
$6.5B
Net Profit Margin (2022)
XYZ
-21.3%
(2022 vs 2021)
* As of and is in US$
Absa Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Liquidity Management | Absa Group |
| Savings | Branch Banking | |
| Current | Vehicle Financing | |
| 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 March, the company entered into a collaboration with Visa for the launch of the 2024 She’s Next programme. |
| 2024 | Corporate Changes/Expansions | In January, the company opened its new office in Beijing, China. |
| 2023 | New Products/Services | In December, ABSA Bank Tanzania introduced a mobile phone application, Absa Mobi Tap. |
Competitor Comparison
| Key Parameters | Absa Group Ltd | Standard Bank Group Ltd | FirstRand Ltd | Nedbank Ltd | Investec Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Johannesburg | Johannesburg | Sandton | Sandton | Johannesburg |
| State/Province | Gauteng | - | Gauteng | - | Gauteng |
| No. of Employees | 37,107 | 50,451 | 50,178 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Arrie Rautenbach | Director; Group Chief Executive Officer | Executive Board | 2022 | 57 |
| Punki Modise | Group Chief and Sustainability Officer | Senior Management | 2021 | 53 |
| Prabashni Naidoo | Group Chief Audit Executive | Senior Management | 2021 | 47 |
| Jeanett Modise | Group Chief People Officer | Senior Management | 2023 | 59 |
| Johnson Idesoh | Group Chief Information and Technology Officer | Senior Management | 2023 | 52 |
| 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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