Absa Group Ltd - Company Profile
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Absa Group Ltd (Absa Group) is a financial services provider offering a range of banking, insurance, and financial products and services. The company's main activities include providing current and savings accounts, debit and credit cards, loans, vehicle and asset finance, and transactional and deposit products. The company serves individual, corporate, and SME clients across various industries, providing solutions such as trade, working capital, and infrastructure investments. Absa's distribution network includes digital channels, branches, mortgage originators, dealerships, and financial advisors. The company operates in multiple geographic locations, including Botswana, Zambia, Namibia, South Africa, Seychelles, Mauritius, Kenya, Ghana, Tanzania, Mozambique, Nigeria, Uganda, the US, the UK, and China. Absa Group is headquartered in Johannesburg, 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
37,033
Industry
Financial Services
Ticker Symbol & Exchange
ABG (JNB)
Revenue (2024)
$12.3B
-0.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2.8%
(2024 vs 2023)
Market Cap*
$12.4B
Net Profit Margin (2024)
XYZ
3.6%
(2024 vs 2023)
* As of and is in US$
Absa Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Liquidity Management | Absa Group |
| Savings | Branch Banking | |
| Current | Asset 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 |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company partnered with Thunes to roll out Absa Global Pay. |
| 2025 | Stake Sale | In December, the company sold an additional minority stake to Public Investment Corporation Limited. |
| 2025 | Contracts/Agreements | In October, the company signed a partnership with Ripple to provide institutional-grade digital asset custody for tokenized assets and cryptocurrencies to the bank’s South African customers. |
Competitor Comparison
| Key Parameters | Absa Group Ltd | Standard Bank Group Ltd | FirstRand Ltd | Nedbank Ltd | Investec Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Johannesburg | Johannesburg | Sandton | Sandton | Sandton |
| State/Province | Gauteng | - | Gauteng | Gauteng | Gauteng |
| No. of Employees | 37,033 | 50,451 | 51,244 | - | 8,000 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Deon Raju | Director; Group Finance Director | Executive Board | 2024 | 48 |
| Kenny Fihla | Director; Group Chief Executive Officer | Executive Board | 2025 | - |
| Rajal Vaidya | Chief Risk Officer | Senior Management | - | 60 |
| Fatima Newman | Chief Compliance Officer | Senior Management | 2026 | - |
| Prabashni Naidoo | Chief Governance Officer- Group | Senior Management | 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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