ABSA BANK LTD. JSE: ABG

[stock_info]
Background of ABSA BANK
Absa Bank Limited provides services related to varying banking products. The bank does so primarily in South Africa and Namibia. Absa offer a wide range of loan products (personal, express, instant, home, car, study and so forth) while also providing credit and debit cards, investment and saving products and various investment products.
The bank is listed on the JSE and is one of the biggest and most diversified financial services groups in the entire South Africa. The company has a vast presence in over 12 countries across the continent and proudly has around 42,000 employees.
Absa was founded almost three decades ago, in 1991 and has since grown to one of the most recognisable and successful African banks. The bank’s foundation originated from a merger of financial service providers, United Bank, The Allied Bank, the Volkskas Bank Group and various interests in the Sage Group. The bank has total assets exceeding R1.165 trillion (2017).
ABSA BANK Shares Growth Driver
Absa’s growth largely stemmed from their early and efficient start and vision continuity. The bank operates with the ethic that everything they do is to add value. They achieve this by providing a plethora of opportunities and solutions to their clients. Absa has also successfully kept its own in the race between the four biggest banks in South Africa. Their drive towards innovation and ingenuity, has seen the bank grow to impressive heights in its 27 year reign.
Barclay plc’s involvement as a majority shareholder of Absa, has also seen the bank’s share grow in the last decade especially. The bank has enjoyed a strong outside investment interest, which has sparked its growth potential. The bank’s asset distribution tallies 54.10% from the UK, 25.32% South Africa, 11.64% United States and Canada and 8.94% in other countries.
Throughout Absa’s illustrious reign, the have built a strong brand, based on integrity and innovation. They have consistently striven towards bettering themselves and exploring new frontiers. They have stayed with the times, bolstered relationships with existing stakeholders and worked towards a better future for their greatest asset: The People.
ABSA BANK Group Investor Tip
Absa’s growth patterns have shown positive increases in recent times. The bank’s recent (and unexpected) complete brand identity overhaul, has sparked both controversy and curious interest. The sudden change speaks volumes with regard to the bank’s willingness to adapt and alter itself. This fact proves that Absa is a bank that won’t be failed by the times, as they display a willingness to explore what they are.
Absa’s growth potential in the rest of Africa has seen a promising increase with amplified interest from Asia. The company’s interests in 12 African countries proves to be a smart move amid injects from China and India in particular. Absa will continue to invest in the African sphere, especially by enhancing existing assets and by exploring new avenues. This approach promises to see the bank’s investible future boost even further.
ABSA BANK Major Shareholders
Sector
Financial Services
Industry
Banking and Finance
Sub industry
Lending, transactional services, investments, insurance, asset management
How to buy ABSA BANK Group Shares
ABSA BANK : How to buy ABSA BANK Group Shares Online
We have made it simple to buy JSE listed firm shares online.
Here are the 7 steps you must follow to Buy / Purchase ABSA BANK Group shares with utmost confidence:
- Open a FREE Trading Account here
- Verify account via email or phone number.
- Set up 2FA (Two Factor Authentication)
- KYC your profile to get verified.
- Explore and get acquainted with the trading dashboard.
- Deposit fiat into your trading account.
- Invest and trade in stocks that you want in your portfolio.
Buy Shares with Confidence
Buying JSE shares has never been this convenient and easy. #myfirstshare
Frequently Asked Questions
What is Absa Bank?
One of Africa’s most successful banks.
Can you buy Absa Bank shares online?
The website of SA Shares makes it easy for you to buy JSE listed shares online.
When did Absa Bank list on the JSE?
2013.
Who are the shareholders in Absa Bank?
Barclays plc, Public Investment Corporation, Deutsche Securities, Old Mutual Asset Managers, BlackRock Inc. FIL Limited, Prudential Investment.
When was Absa Bank founded?
1991