Absa Group

This article is about the banking conglomerate primarily operating within certain African countries. For its flagship South African bank from which its name originated, see Absa Bank Limited. For other uses, see ABSA (disambiguation).

Absa Group
Formerly
  • Amalgamated Banks of South Africa (ABSA) (1991–2005)
  • Barclays Africa Group Limited (2005–2018)
Company typePublic
JSE: ABG[1]
Industry
Founded1986; 38 years ago (1986)[2]
HeadquartersJohannesburg, South Africa[3]
Area served
Key people
Products
RevenueIncrease R 80.12 billion (2019)[5]
Increase R21.75 billion (2019)[5]
Increase R14.53 billion (2019)[5]
Total assetsIncrease R1.399 trillion (2019)[5]
Total equityIncrease R128.7 billion (2019)[5]
Number of employees
35,000+ (2022)
SubsidiariesList of subsidiaries
Websitewww.absa.africa

Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.[6]

Operating in 10 Sub-Saharan African countries including in-house South Africa, Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia,[6] the conglomerate maintains representative offices in Namibia and Nigeria[6] and internationals offices in London[7] and New York City,[8] as well as a technology support office in the Czech Republic.[9]

Absa had assets of US$97 billion as of 2022.[10][11]

  1. ^ "Absa Group Limited". JSE Limited. 25 July 2018. Retrieved 25 July 2018.
  2. ^ Cite error: The named reference ABSAStart was invoked but never defined (see the help page).
  3. ^ "Contact Us". Absa Group Limited. Retrieved 11 July 2022.
  4. ^ "Absa Bank appoints Arrie Rautenbach as new CEO, ending leadership vacuum". Business Live. 29 March 2022. Retrieved 29 March 2022.
  5. ^ a b c d e "Financial results for the reporting period ended 31 December 2019" (PDF). Absa Group Limited. 20 March 2020. pp. 125–127. Archived from the original (PDF) on 12 April 2020. Retrieved 12 April 2020.
  6. ^ a b c "Country operations". Absa Group Limited. Retrieved 27 March 2020.
  7. ^ "Absa opens UK office, hopes to profit from post-Brexit trade in Africa". News24. 13 September 2018. Retrieved 4 February 2021.
  8. ^ Rumney, Emma; Richardson, Alex (11 November 2019). "South Africa's Absa to open New York office by end of the year". Reuters. Retrieved 16 February 2020.
  9. ^ "Absa Technology Prague s.r.o · Milevská 2095/5, 140 00 Praha 4-Krč, Czechia". Absa Technology Prague s.r.o · Milevská 2095/5, 140 00 Praha 4-Krč, Czechia. Retrieved 11 December 2023.
  10. ^ "Absa Group: total assets 2017-2022". Statista. Retrieved 11 December 2023.
  11. ^ Cite error: The named reference 1R was invoked but never defined (see the help page).