Absa Bank

Absa Bank is a financial institution that forms part of one of Africa’s leading financial groups, Absa Group Limited.

The bank was founded in 1991 through the merger of various South African financial institutions, including Allied Bank, United Bank, Volkskas Bank and other financial groups. A year later, Bankorp Holdings (a group comprising TrustBank, Senbank and Bankfin)  joined the organisation.

In 1997, the organisation was renamed Absa Group Limited and in 1998 the various banks began operating under the Absa Bank brand. In 2005, the british bank Barclays acquired a majority stake in Absa and in 2013 Absa became part of the Barclays Africa Group. In 2017, Barclays reduced its stake in the group to 14.9%, and finally, in 2018 the group reverted to the name Absa Group Limited, thereby unveiling a new corporate identity. 

The organisation offers products and services for both private individuals and businesses, ranging from bank accounts, cards, loans and insurance to investment savings, digital banking and international banking services.