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Absa Bank Ltd
JSE:ABSP

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Absa Bank Ltd
JSE:ABSP
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Price: 87 101 Zac -0.11% Market Closed
Market Cap: 394.8B Zac
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Absa Bank Ltd
Total Deposits

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Absa Bank Ltd
Total Deposits Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Total Deposits CAGR 3Y CAGR 5Y CAGR 10Y
A
Absa Bank Ltd
JSE:ABSP
Total Deposits
zar1T
CAGR 3-Years
8%
CAGR 5-Years
9%
CAGR 10-Years
7%
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Absa Bank Ltd
Glance View

Market Cap
394.8B Zac
Industry
Banking

Absa Bank Ltd., one of Africa's largest financial services providers, has evolved over the years into a powerhouse in the banking sector. Originally established in 1991 as a subsidiary of the Barclays Group, Absa rooted itself deeply in the African continent's socio-economic fabric. Following its restructuring into a fully independent entity in 2018, the bank has embraced a transformative journey, focusing on local responsiveness while harnessing the agility and expertise inherent in its global connections. Absa offers a comprehensive range of services, including retail banking, corporate and investment banking, wealth management, and insurance, capturing a significant share of the market across personal, business, and corporate sectors. For investors, Absa represents a remarkable blend of stability and growth potential. The bank’s strategic initiatives aim to enhance digital banking capabilities, improve customer service, and advance financial inclusion across the continent, particularly in underserved markets. With a robust balance sheet and a strong focus on sustainable practices, Absa is well-positioned to navigate the challenges and opportunities in the African financial landscape. Furthermore, its commitment to technology and innovation serves as a beacon for future growth, making it an enticing prospect for investors looking to capitalize on Africa's burgeoning economic potential while enjoying the safety of a highly respected banking institution.

ABSP Intrinsic Value
Not Available
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See Also

What is Absa Bank Ltd's Total Deposits?
Total Deposits
1T ZAR

Based on the financial report for Dec 31, 2022, Absa Bank Ltd's Total Deposits amounts to 1T ZAR.

What is Absa Bank Ltd's Total Deposits growth rate?
Total Deposits CAGR 10Y
7%

Over the last year, the Total Deposits growth was 4%. The average annual Total Deposits growth rates for Absa Bank Ltd have been 8% over the past three years , 9% over the past five years , and 7% over the past ten years .

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