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Company Description

Contact Info

Barclays Towers West

7th Floor

15 Troye Street

Johannesburg, 2001

South Africa

Phone: 27 11 350 4000


Absa Group Limited operates as financial services group in Southern Africa. The company provides services to the corporate, commercial, and investment markets in South Africa and in selected markets on the African continent. The company is a subsidiary of Barclays Bank PLC. Segments The company’s segments include Absa Wealth, Absa Home Loans, Absa Card, Absa Vehicle and Asset Finance (AVAF), Retail Bank, Absa Corporate and Business Bank (ACBB), Absa Capital, Bancassurance, and Other. Absa Wealth: This segment offers wealth solutions to South Africa’s high net worth and ultra-high net worth individuals. Absa Home Loans: This segment offers residential property-related ownership solutions to the Group’s target market segments. Absa Card: This segment provides the full range of Visa and MasterCard products, merchant services and customer services to a range of the market. Absa Vehicle and Asset Finance (AVAF): This segment offers customised vehicle and asset finance products (ranging from the financing of manufacturing and mining equipment, leases, office automation and financing of private vehicles) and services to customers. AVAF also offers vehicle management solutions (such as fleet management and administration) to these markets and fleet partners. Retail Bank: This segment offers a range of banking products and services to the South African affluent, middle and lower income segment of the market and small businesses. Absa Corporate and Business Bank (ACBB): This segment provides a range of commercial banking products and services to corporates, medium and large businesses. Absa Capital: This segment provides investment banking services to the corporate, government and institutional investor segments. Bancassurance: This segment offers insurance products, financial advisory services, drafting and safe custody of wills, administration, actuarial and consulting services and a variety of investment products. Other: This segment consists of various non-banking activities and includes investment income earned by Absa Group Limited, as well as income earned by the London branch, Isle of Man and Corporate Real Estate Services (CRES).


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