Absa Bank

Absa Bank Limited (ABL) is a commercial bank in South Africa. It was formerly known as the Amalgamated Banks of South Africa. South Africa's primary banking authority, the Reserve Bank of South Africa, has issued a license for the company.

The bank's main office is at 15 Troye Street, 7th Floor, Absa Towers West, Johannesburg, South Africa. One of South Africa's largest commercial banks is Absa Bank Limited. The bank had a total asset value of ZAR 1,289,000,000,000 as of December 31, 2018 (equivalent to approximately US$73,691,500,000). Absa Bank Limited is wholly owned by Absa Group Limited, a South African-based pan-African financial services conglomerate with operations in 12 African countries and assets in excess of US$91 billion as of October 2019. Absa Group Limited's stock is traded on the JSE Limited under the ticker symbol AGL.

The value of Absa Bank's shares has decreased to $0.20 billion as of April 2023. With this market capitalization, Absa Bank is the 6118th most valuable corporation in the world. The most recent financial reports reveal annual revenues (TTM) of $3.59 billion for Absa Bank. The firm's 2018 earnings of $3.59 billion were lower than the $4.06 billion it earned in 2017.

Founded: 1986
Headquarters: 7th Floor, Absa Towers West15 Troye Street, Johannesburg, South Africa
Website: www.absa.co.za