Absa Group Ltd

Overview

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 card, home and personal loans, vehicle and asset finance, and transactional and deposit products. It provides trade and working capital solutions and infrastructure and equity investments. Absa Group offers insurance coverage for life, death, disability, funeral, and retrenchment. Its service offerings include risk management, cash management, financial advisory, investment management, electronic banking, retirement, and fiduciary services. Its operations are spanned across Botswana, South Africa, Ghana, Kenya, Mauritius, Mozambique, Uganda, Tanzania, Seychelles, and Zambia. Absa Group is headquartered in Johannesburg, South Africa.
Key Stats
Address
7th Floor, Absa Towers, West 15 Troye Street, JOHANNESBURG, South Africa
Headquarters

South Africa

Contact

27 11 3504000

No of Employees

36,141

Industry

Financial Services

Ticker Symbol & Exchange​

ABG [JNB]

Revenue (2020)

$8,386 m

-14.5% (2020 vs 2019)
Net Income (2020)

$393 m

-61.4% (2020 vs 2019)
Net Profit Margin

5 %

-54.8% (2020 vs 2019)
Market Cap *

$9,040 m

EPS *

$0.4

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Absa Group LtdStandard Bank Group LtdFirstRand LtdNedbank Ltd
Key Information
Headquarters South Africa South Africa South Africa South Africa
Headquarter City JOHANNESBURG JOHANNESBURG SANDTON SANDTON
Headquarter State/Province - - - -
No. of Employees 36,141 49,662 47,771 30,877
Entity Type Public Public Public Public

Products & Services

Absa Group is a diversified financial service provider. The Key products and services offered by the group include the following:

Products
  • Accounts:
  • Savings
  • Current
  • Vitae Eget Libero
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Services
  • Liquidity Management
  • Branch Banking
  • Vehicle Financing
  • Etiam Rutrum Elit
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Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Jason Quinn Director; Chief Executive Officer - Interim Executive Board 2021 - Mr. Jason Quinn has been the Interim Chief Executive Officer and Director of the company. Prior to this role, he...
Akash Singh Chief Compliance Officer Senior Management 2019 48 Mr. Akash Singh has been the Chief Compliance Officer of the group since 2019. Prior to this, he served as...
Wendy Lucas-Bull Chairman Non Executive Board 2013 66 Ms. Wendy Lucas-Bull has been the Chairperson of the group since 2013. She also serves as the Chairperson of Absa...
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History

Year Event Description
2021 Others In August, the company and African Rainbow Energy and Power launched a new entity, African…
2020 Corporate Awards In August, the group received Cyber Security Award under Cyber Awareness Plan of the Year…
2020 Contracts/Agreements In August, the group entered into a partnership with Epic ERP and AJS to offer…
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2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


Absa Bank Kenya PLC

Address

The Westend Building, Off Waiyaki Way,, PO Box 30120, NAIROBI
Kenya

Telephone

254 20 4254000

Website

www.absabank.co.ke
Barclays Bank Tanzania Limited

Address

TDFL Building, Dar es Salaam
Tanzania

Telephone

255 22 212 9381

National Bank Of Commerce Limited

Address

Sokoine Drive & Azikiwe Street, P.O. Box 1863, Dar es Salaam, Dar es Salaam
Tanzania

Telephone

255 222 111 970

Website

www.nbctz.com
Absa Bank Ltd

Address

7th Floor, Absa Towers West, 15 Troye Street, JOHANNESBURG
South Africa

Telephone

27 11 3504000

Website

www.absa.co.za
Barclays Bank Mauritius Limited

Address

Barclays House, 6th floor, 68-68A, Cybercity, Ebene
Mauritius

Telephone

230 4021000

Website

www.barclays.mu
Absa Trust Limited

Address

65 Empire Road, Parktown
South Africa

Telephone

27 011 480

ABSA Insurance Company Ltd

Address

7th Floor, Absa Towers West, 15 Troye Street, Johannesburg
South Africa

Telephone

27 11 3504000

Website

www.absa.co.za
Barclays Bank Zambia Plc.

Address

Elunda Office Park, Stand No 4643 & 4644, Private Bag E308, Addis, Ababa round about, Rhodespark, Lusaka
Zambia

Telephone

260 211 366150

Website

www.barclays.com/africa/zambia

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
21 May 2021 Sanlam and African Rainbow Capital Investments May Acquire Assets Management Business of Absa Group Asset Transaction African Rainbow Capital; Sanlam Ltd Absa Group Ltd
04 Feb 2021 Old Mutual Acquires Additional Stake in Absa Group Acquisition Old Mutual Ltd Absa Group Ltd
13 May 2020 Absa Group Invests in A2X Equity Offering Absa Group Ltd A2X Ltd
18 Jan 2019 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
06 Jun 2017 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
12 May 2017 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

109

Active Jobs

216

Posted

288

Closed

Job Trends

Latest Jobs

Job title Company Country
Transactional Banker Commercial Absa Group Ltd South Africa
Support Engineer - RTGS Payments Absa Group Ltd South Africa
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