23,388.00
+1.35%
Close of 9 Nov 2026, in ZAc
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About Absa Group
Its shares trade on JSE under the ticker ABG.JO. It has been listed since 1 January 1994. In the fiscal year to 31 December 2024, it reported revenue before interest expense of ZAR 222.00bn and net income of ZAR 21.54bn. At that date it held total assets of ZAR 2.07trn and shareholders' equity of ZAR 169.85bn.
Absa Group Ltd. engages in the provision of diversified financial services. The company is headquartered in Johannesburg, Gauteng. The firm's segments include Retail and Business Banking (RBB), which includes Retail Banking South Africa, Business Banking South Africa and RBB Rest of Africa; Corporate and Investment Bank (CIB), which includes CIB South Africa and CIB Rest of Africa, and Wealth, Investment Management and Insurance (WIMI).The Retail Banking South Africa offers a suite of retail banking products and services to individuals and provides asset finance to commercial customers. The Business Banking South Africa operates a coverage model based on specific customer value propositions aligned to customer and client needs and range from direct interactions via multi-channel interfaces, such as electronic banking.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 1 Jan 1994
- Employees
- 36,737
- Website
- absa.africa/absaafrica ↗
Leadership
Pay as last reported
- Mr. Sello MolokoNon-Executive Independent Chairman of the BoardZAR 7.0m
- Mr. Charles RussonInterim Chief Executive Officer, Director, since 2014ZAR 31.6m
- Mr. Deon RajuGroup Financial Director, Executive Director, since 2021
- Mr. Geoffrey LeeChief Executive - Product Solutions ClusterZAR 20.5m
- Ms. Yasmin MasithelaInterim Chief Executive Officer of Absa's Corporate and Investment Bank
- Ms. Christine WuChief Executive: Everyday Banking (Prescribed Officer)
- Ms. Jeanett ModiseGroup Chief People Officer
- Mr. Johnson IdesohGroup Chief Technology and Information Officer
- Mr. Sydney MbheleGroup Chief Brand, Marketing and Corporate Affairs Officer
- Mr. Akash SinghGroup Chief Compliance Officer
- Mr. Christopher SnymanExecutive Director, since 2023ZAR 9.6m
- Mr. Saviour ChibiyaGroup Executive - Absa Regional OperationsZAR 16.0m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 77
- Environment
- 97
- Social
- 96
- Governance
- 39
- Direct emissions (scope 1)
- 12,049 t
- Energy emissions (scope 2)
- 127,801 t
- Value chain emissions (scope 3)
- 9,293,965 t
- Women in the workforce
- 60%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Absa Group Ltd has a strong market presence in South Africa, ensuring a large customer base and potential for growth.
- The company benefits from its diverse range of financial services, including retail banking, corporate banking, wealth management, and investment banking, providing a comprehensive offering to its customers.
- Absa Group Ltd has a strong brand reputation and is recognized as a trusted financial institution, instilling confidence in its customers.
Weaknesses
- One of the weaknesses of Absa Group Ltd is its heavy reliance on the South African market, which makes it vulnerable to economic downturns and regulatory changes specific to the country.
- The company's profitability may also be impacted by increased competition within the financial industry, putting pressure on margins.
Opportunities
- Absa Group Ltd has the opportunity to expand its presence in other African markets, leveraging its experience and expertise in the region.
- The implementation of digital technologies and innovative solutions can help the company enhance its customer experience, improve operational efficiency, and target new market segments.
- The growing demand for sustainable finance and responsible investing provides an opportunity for Absa Group Ltd to develop and offer products and services that cater to this market.
Threats
- The uncertain economic and political environment in South Africa and other African countries pose a threat to Absa Group Ltd's operations and growth prospects.
- Regulatory changes and compliance requirements can increase operating costs and impose limitations on the company's business activities.
- Increased cybersecurity risks and evolving customer preferences for digital banking may impact the company's ability to maintain the security and privacy of customer data.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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