Absa Company Description
Serving some 8 million customers, Absa Group operates some 700 branches and more than 6,000 ATMs, primarily in South Africa. The company's Absa Bank is South Africa's largest retail bank and largest mortgage lender. The bank and other Absa Group subsidiaries offer insurance, financial planning, asset management, and trust services. British bank Barclays holds a 56% stake in Absa Group, making it one of South Africa's largest single foreign investors since apartheid ended in 1994. Absa Group also holds stakes in other African banks.
View the Comprehensive Company Description for Absa
The Company Description provides a historical perspective of Absa's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Absa's evolution in the marketplace.
