ABSA Bank South Africa Current Ownership
ABSA Bank South Africa Current Ownership. ABGL is the majority shareholder of 11 banks located in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (two entities), Uganda and Zambia.
Bank with the Top Banks in South Africa << Contact them ASAP
It is impossible to mention the most valuable brands in South Africa without mentioning Absa. Even after cutting ties with its primary backer, Barclays PLC, the financial outfit in SA has continued to soar and expand. Today, it is present in 12 African countries. Also, there are offices in the US and UK. Since its inception, Absa bank has been all about ‘ bringing possibilities to Life,’ as they focus mainly on African society.
Company background
In 1991, four organisations agreed on a merger to form Absa. Such banks as The Allied, Volkskas Groups, and UBS Holdings, with some part of Sage Group, established the Amalgamated Banks of South Africa, which would later become Absa meaning. One year after the merger, Absa Group had purchased the major part of Bankorp Group’s shareholding. This move expanded the top financial company as Bankorp Group was made of three banks: TrustBank, Bankfin, and SenBank.
If you have any challenges, see ABSA South Africa Contact Details
What is the relationship between Absa and Barclays?
Absa went through a significant milestone when British-owned Barclays Bank Barclays PLC bought a 55% stake in Absa, which was then incorporated as Barclays Africa in 2013. Subsequently, Absa was renamed Barclays Africa Group Limited.
Does Barclays still own Absa?
Today, Barclays PLC still owns a significant share of the bank. Nevertheless, they are no longer in charge as Barclays Africa is now known as Absa Group Limited. However, Barclays PLC still has a 14.88% stake in the company. Public Investment Corporation follows this with a 6.53% stake. Deutsche Securities has a 4.28 stake, Old Mutual Asset Managers (SA) – 3.56%, and BlackRock, Inc. – 3.48%. Such companies as FIL Limited (UK), Prudential Investment (SA), Citigroup Global Markets, The Vanguard Group (US, AU), Schroders Plc each has around 3% stakes while the remaining investors share 51.98%.
Read Other Interesting ABSA Articles below:
ABSA South Africa Branches and Codes
ABSA South Africa Contact Details
ABSA South Africa Routing Number
ABSA South Africa Financial Statements
ABSA South Africa Interest Rates
ABSA South Africa Annual Report
ABSA South Africa Savings Account
ABSA bank South Africa Email Address
ABSA South Africa Credit Rating
ABSA Bank South Africa Fixed Deposit Rates
ABSA Debt Consolidation Loans South Africa
ABSA Account Number Digits South Africa
ABSA ATM Deposit Limit South Africa
ABSA South Africa Foreign Exchange Rates
ABSA South Africa Future Trust
ABSA South Africa Head Office Contact Details
ABSA Bank South Africa History
ABSA Bank South Africa Working Hours
ABSA Prime Interest Rate South Africa History
ABSA Hospital Plan South Africa
ABSA Home Loan Calculator South Africa
ABSA South Africa Internet Banking
ABSA South Africa International Number
ABSA South Africa Investor Relations
ABSA Joint Account South Africa
ABSA Bank Limited Johannesburg South Africa address
ABSA bank limited Johannesburg South Africa swift code
Klasemen South Africa ABSA Premiership
ABSA South Africa Lending Rate
ABSA Market Share South Africa
ABSA Asset Management South Africa
ABSA Money Market Rates South Africa
ABSA South Africa National Clearing Code
ABSA South Africa Contact Number
ABSA Non-Resident Account South Africa
ABSA South Africa Online Banking
ABSA Bank South Africa Ownership
ABSA Bank Ombudsman South Africa
ABSA Loans Online South Africa
ABSA Stockbrokers South Africa
ABSA Bank South Africa Telephone Number
ABSA Bank South Africa Cape Town
ABSA Universal Branch Code South Africa
ABSA ATM Withdrawal Limit South Africa
ABSA Prime Interest Rate South Africa
Kindly share with us your comments and suggestions by filling the comment box below. We shall respond to you ASAP