Company Profile
Absa Bank
Johannesburg, (South Africa)
Company Description:
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 banking, assurance and wealth management products and services. Absa's business is conducted primarily in South Africa. In addition to this, the Group has equity holdings in banks in Mozambique and Tanzania.
At 30 June 2010, the Group had 718,2 million shares in issue and a market capitalisation of R87,3 billion. The Group had assets of R718,2 billion, 11,5 million customers, 8 885 automated teller machines and 36 356 permanent employees.
Absa is a subsidiary of Barclays Bank PLC, which holds a stake of 55,52% in the Group. Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate banking, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 144 000 people. Barclays moves, lends, invests and protects money for more than 48 million customers and clients worldwide.
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