Absa Group Limited
11.90
EUR
+0.10
(+0.85%)
ISIN
ZAE000255915
Return %
Stock
S&P 500
1Y
35.23
14.20
3Y
43.37
81.12
5Y
- -
68.34
Capital Structure
ZAR
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
ZAR
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in mil. unless spec.Semi-annual Revenue
ZAR
•
in mil. unless spec.Semi-annual Earnings Per Share
ZAR
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in mil. unless spec.Semi-annual Dividends Per Share
ZAR
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in mil. unless spec.Company Description
- CEO
- Kenny Fihla
- Full Time Employees
- 37,033
- Sector
- Finance
- Industry
- Major banks
- Address
- Absa Towers West Johannesburg GT South Africa 2001
- IPO Date
- Jan 1, 1994
- Website
- absa.africa
- Similar Companies
- Business
- Absa Group Limited is a Johannesburg-based multinational banking and financial services conglomerate listed on the Johannesburg Stock Exchange under the ticker ABG.JO; the group provides a comprehensive range of retail and business banking, corporate and investment banking, wealth and investment management, insurance products including life and non-life policies, credit cards, mortgages, vehicle and asset finance, personal loans, home loans, cash management, custody and trustee services, trade and working capital solutions, global markets products, equity investments, commercial property finance, Islamic banking, payments acceptance, acquiring services, and bancassurance offerings across personal, commercial, corporate, SME, premier, prestige, inclusive, and private wealth segments. Founded in 1991 through the amalgamation of several South African banks tracing roots to 1888 and headquartered at Absa Towers West in Johannesburg, South Africa, Absa operates in 10 Sub-Saharan African countries including South Africa, Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda, and Zambia, with representative offices in Namibia and Nigeria, international offices in London and New York City, a technology support office in the Czech Republic, and advisory presence in China; subsidiaries include Absa Bank Limited, Absa Financial Services Limited, and majority stakes in regional banks such as Absa Bank Botswana (67.8%), Absa Bank Kenya (68.5%), and National Bank of Commerce in Tanzania (55%). In recent developments, the group expanded its partnership with the Multilateral Investment Guarantee Agency (MIGA) in 2024, increasing capital optimization guarantees to $1.1 billion across seven African countries including new coverage for mandatory reserves in Tanzania and voluntary reserves in Ghana, Uganda, Tanzania, and Zambia, enabling an estimated $706 million in additional lending with $489 million directed to climate projects and the balance to SMEs; Absa also launched a R1.2 billion partnership with Heineken in November 2025 to support black-owned SMEs in South Africa through grants and low-cost loans, onboarded new strategic automotive partners in 2024, opened a new regional office in Gqeberha, South Africa, appointed Kenny Fihla as Group Chief Executive Officer effective June 2025 pending regulatory approval, and conducted a strategic review of its Retail South Africa operating model encompassing Everyday Banking, Product Solutions Cluster, and Relationship Banking to accelerate commercial ambitions while advancing digital modernization, non-interest revenue growth, and sustainable finance initiatives totaling R49.2 billion.
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