Absa Group Limited, together with its subsidiaries, provides various financial products and services in South Africa and internationally. The company operates through Retail and Business Banking; Corporate and Investment Banking; and Head Office, Treasury and Other Operations. It provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services. The company offers retail and business banking products and services to individual, enterprise, and commercial customers, including residential property-related finance solutions; vehicle and asset finance products and services; credit cards; personal loans; relationship banking; short-term insurance products; transactional banking, savings, and investment products and services; and rewards program and services. It also provides commercial property finance and term loans. In addition, the company offers investment banking services; private equity and infrastructure investments; corporate banking products and services; and wealth management services. Further, it provides life insurance products covering death, disability and retrenchment, funeral, and life wrapped investment products; investments, such as asset management, multi-management, unit trusts, and investment products; treasury services; and wealth and financial advisory services. Additionally, the company offers market services; trade and working capital solutions; and cash management, payment, and liquidity products and solutions. It also offers broker-dealer trading in debt and equity securities; and solicitation, syndication, selling, and arranging of equity and debt products, as well as financial, leasing, and management services. The company was formerly known as Barclays Africa Group Limited and changed its name to Absa Group Limited in May 2018. Absa Group Limited was incorporated in 1986 and is based in Johannesburg, South Africa.

Absa Group Limited

Absa Group is a financial services provider offering banking and investment products and services across Africa.

Absa Group

Absa Bank Kenya

Absa Bank Moçambique

Absa Corporate and Investment Banking

Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. 

We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

We are excited to be part of this transformative journey for these young bright minds 💡

The exchange of expert thought leadership significantly strengthens our financial stories. 

The upcoming 19th CII India Africa Business Conclave will bring together industry stakeholders from both Africa and India, putting our collective and collaborative story in the spotlight. 

As a truly pan-African bank, we leverage our local presence and global reach to enhance trade and investment opportunities across the continent.
 
Watch the video to learn more about the selected speakers. 

#YourStoryMatters

We're committed to initiatives that empower women, youth, and SMEs across Africa. From celebrating Women’s Month in Zambia to supporting women-led businesses in Kenya, and promoting education through institutions like Legacy Girls College, we’ve invested over R190.7 million in corporate citizenship initiatives, positively impacting the lives of more than 90,000 people. 

Discover how we’re uplifting communities across the continent. 

#AbsaInterims2024

This year, we took significant steps to expand our African footprint with the acquisition of HSBC Mauritius’s domestic wealth, personal, and business banking divisions, and the opening of our new office in China. These milestones align with our strategy to build key global corridors that better connect trade, investment flows, and clients in Africa. 

Through these and other strategic partnerships, we’re putting our customers’ needs at the centre of everything we do while building a diversified franchise with deliberate, market-leading growth. 

Discover how we're driving progress through collaboration.

#AbsaInterims2024

At the Real Estate Industry Summit 2024 in Cape Town, close to 2,000 industry leaders united to explore the intersection of innovation and sustainability in real estate.

In collaboration with Private Property, we delved into the transformative potential of AI, future-focused strategies, and the power of collaboration to reshape the sector. These discussions are pivotal as we work towards creating a more resilient and forward-thinking industry.

Together, we’re committed to shaping a future where every story matters and contributes to lasting impact. 

#YourStoryMatters

We started the year with a new brand promise, inviting our 37,000+ colleagues to rewrite our story together. We set a clear trajectory to align our entire suite of services and offerings with this pivotal shift toward a more human-centred, empathetic banking experience across the continent. 

This is how we’re making sure ‘Your Story Matters’. 

#AbsaInterims2024

The first half of 2024 has seen us celebrate a continent’s worth of stories, including our own. From stories of partnerships that drive sustainable progress, to those of inclusivity and innovation, we’re empowering Africa’s tomorrow together… one story at a time. 

Take a look at the highlights that shaped our performance during the first half of the year as we report #AbsaInterims2024 today: https://lnkd.in/d_uXDbuy

We released our financial results for the first half of the year today. While we navigated a tough environment, we look forward to an improved performance in the second half of the year. We were pleased to report an improvement in our South African retail portfolio during the first six months of the year, and we reported an increase in our total Group customer base, as well as a 12% increase in the number of digitally active customers. 

Read more here: https://lnkd.in/eMKpptn4 

#AbsaInterims2024

The 19th CII India Africa Business Conclave from 20 to 22 August is a key platform for exploring new opportunities between Africa and India, focusing on key sectors. Vinesh Kassen, Head of India Client Coverage, provides further insights on the various event dialogues that could shape the future of economic partnership and innovation. 

As a leading pan-African bank, Absa is committed to engagements that leads to sustainable investment and value creation. 

#AfricaExpertise

At Absa CIB, we're redefining banking relationships by truly putting our clients at the heart of everything we do. Clement Motale, Managing Executive for Marketing & Corporate Affairs highlights our shift towards a more human-centred approach, guided by empathy, in support of our clients through every step of their journey. Together, we're co-creating impactful solutions that truly matter. That is how we are invested in our clients’ stories. Discover more: https://lnkd.in/djWyUHdV 

#AfricanExpertise

msh id	AFRICA:ABSA
symbol	ABG
name	Absa Group Limited
homepage url	https://www.absa.africa
country	ZA
sector	Financial Services
industry	Banks - Regional
market	STOCKS
employee count	37.11K
crunchbase url	-
linkedin url	-
founders	-

market cap	72.8M
enterprise value	-
stage	-
raised capital	-
valuation	-

monthly webtraffic	-
monthly webtraffic growth	-
growth score 14	-
growth score 28	-
growth score 90	-
growth score 365	-

revenue ltm	-
gross profit ltm	-
ebitda ltm	-
net income ltm	-
revenue ntm	-
gross profit ntm	-
ebitda ntm	-
net income ntm	-

growth cost and expenses	2.23
growth cost of revenue	-
growth depreciation and amortization	0.01
growth ebitda	-0.96
growth ebitda ratio	-0.98
growth eps	-
growth eps diluted	-
growth general and administrative expenses	-1
growth gross profit	1.08
growth gross profit ratio	-

AFRICA:ABSA

Absa Group

Last Close

16,937.00

21/11 15:38

Market Cap

1.29B

Beta: -

Volume Today

2.64M

Avg: -

Company Information

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Financial Metrics (2022-2026)

cost and expenses	9.51B
cost of revenue	9.51B
depreciation and amortization	323.54M
ebitda	188.71M
ebitda ratio	0.02
eps	1.31
eps diluted	1.31
operating expenses	1.71B
operating income	-134.82M
operating income ratio	-0.01

accounts receivables	-
capital expenditure	-391.6M
cash at beginning of period	-
cash at end of period	756.81M
inventory	-
working capital ttm	67.18B

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