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Absa Bank Limited (South Africa)

Main Activities: Commercial Banking
Full name: Absa Bank Limited Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Absa Bank Limited, located in Johannesburg, is a wholly owned subsidiary of the Absa Group. The bank offers a range of retail, business, wealth management, corporate, and investment solutions to customers and clients in South Africa. Absa aims to create shared value and play a significant role in the life journey of its customers and clients, empowering them to achieve more and recommend the bank to others. Absa Group Limited, listed on the JSE, is one of Africa's largest diversified financial services groups. It operates in 15 countries across the African continent, with additional offices in the United Kingdom and the United States. The group has banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. It also has insurance operations in Botswana, Kenya, Mozambique, South Africa, and Zambia, as well as representative offices in Namibia, Nigeria, and the United States. The group has securities entities in the United Kingdom and the United States, along with a specialized IT office in the Czech Republic.

Headquarters
7Th Floor, Absa Towers West, 15 Troye Street
Johannesburg; Gauteng; Postal Code: 2001

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Website: http://www.absa.co.za

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1986
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Outside Director
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Outside Director
Ownership Details
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100%
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Subsidiaries
Absa Representative Office Nigeria Limited (Nigeria)
100%
Absa Technology Finance Solutions Proprietary Limited
100%
Absa Vehicle And Management Solutions Proprietary Limited
100%
Company Performance
Financial values in the chart are available after Absa Bank Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency ZAR. Absolute financial data is included in the purchased report.
Net interest income
4.64%
Operating profit (EBIT)
-36.23%
Net Profit (Loss) for the Period
-32.89%
Total assets
3.48%
Total equity
2.18%
Total Assets Trend
-6.12%
Net Interest Income Trend
-6.03%
Loans to Deposits Ratio
-1.99%
Loans to Asset Ratio
1.52%

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