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Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
As of 31 December 2018, the bank's total assets were ZAR:1,289,000,000,000 (US$73,691,500,000). [2] Absa Bank Limited is a 100 percent subsidiary of Absa Group Limited, the Pan African financial services conglomerate headquartered in South Africa, with subsidiaries in 12 African countries, whose total assets exceeded US$91 billion as at October ...
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
ABSA may refer to: . ABSA Cargo Airline, a cargo airline; Absa Group Limited, a pan-African financial services conglomerate that includes: . Absa Bank Limited, one of the largest banks in South Africa, a subsidiary of Absa Group Limited
The company launched as Virgin Money South Africa in 2006, as a partnership between Virgin Group (owners of the Virgin Money brand) and Absa, as an issuer of credit cards. [2] The 50-50 joint venture was worth R240 million at the time of launch. [3] By 2013 Virgin Money's customers had R1 billion in total credit. [4]
Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. [3] It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.
In 2018, BAG re-branded to Absa Group Limited.Under the terms of that re-brand, Absa has until June 2020 to change the names of its subsidiaries in 12 African countries. [ 12 ] In Tanzania, the re-brand concluded on 11 February 2020, when both the bank's legal and business names became Absa Bank Tanzania Limited.
ABSA Bank Botswana Limited, part of Absa Group; Access Bank Botswana Limited (formerly BancABC), part of Access Bank Group; Bank Gaborone Limited; Bank of Baroda (Botswana) Limited, part of Bank of Baroda Group; BBS Bank Limited; First Capital Bank Limited, part of First Capital Bank Group; First National Bank of Botswana Limited; Stanbic Bank ...