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 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 in Mozambique and Tanzania, representative offices in Namibia and Nigeria and bancassurance operations in Botswana and Mozambique.
At 31 December 2011, the Group had 718,2 million shares in issue and a market capitalisation of R101,27 billion. The Group had assets of R786,7 billion, 12,1 million customers, 9 541 automated teller machines and 35 200 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.