MEMBER BANKS
Introducing Banking Association Member
ABSA
Q&A
Name of bank? Absa Group Limited
Who owns the bank? Absa is a subsidiary of Barclays Bank which
owns 55.5%. As of June 2012, Absa had 718,2 million shares in issue
and a market capitalisation of R101,4 billion. The group had assets of
R808,8 billion. Barclays is a major global financial services provider
with an extensive international presence in Europe, the US, Africa
and Asia.
Core business? Absa is a fully fledged financial services group,
offering a full range of retail, business, corporate and investment
banking, insurance and wealth management products and services.
The group’s business is conducted primarily in South Africa.
It also has equity holdings in banks i