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Absa Group Ltd ABG

Morningstar’s Analysis

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Company Profile

Business Description

Absa Group Ltd is a financial-services company that has three main business segments: retail and business banking; corporate and investment banking; and wealth, investment management, and insurance. Retail and business banking includes various types of loans and credit cards, and that segment generates most of the firm's revenue. Overall, more than half of the firm's total revenue comes from net interest income. The firm also generates revenue through fees, insurance premiums, and commissions. Barclays Africa operates in roughly a dozen African countries, but the vast majority of its business is in South Africa.

Contact
15 Troye Street, 7th Floor, Absa Towers West
Johannesburg, 2001, South Africa
T +27 113504000
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 36,737

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