Contact Details & Description
The Absa Group Limited (Absa), listed on the JSE Limited, is one of South Africa’s largest financial services groups offering a complete range of banking, assurance and wealth management products and services. Absa’s business is conducted primarily in South Africa. It also has equity holdings in banks in Mozambique and Tanzania and representative offices in Namibia and Nigeria. At 30 June 2011, the Group had 718,2 million shares in issue and a market capitalisation of R96,82 billion. The Group had assets of R715,9 billion, 12,3 million customers, 9 288 automated teller machines and 36 535 permanent employees. Absa is a subsidiary of Barclays Bank PLC, which holds a stake of 55,5% in the Group. Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.