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Absa Bank Ltd
JSE:ABSP

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Absa Bank Ltd
JSE:ABSP
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Price: 86 997 Zac 0.92%
Market Cap: 394.3B Zac
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Absa Bank Ltd
Non Interest Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Absa Bank Ltd
Non Interest Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Non Interest Income CAGR 3Y CAGR 5Y CAGR 10Y
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Absa Bank Ltd
JSE:ABSP
Non Interest Income
zar24.4B
CAGR 3-Years
2%
CAGR 5-Years
2%
CAGR 10-Years
2%
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Absa Bank Ltd
Glance View

Market Cap
394.3B Zac
Industry
Banking

In the bustling heart of Johannesburg, Absa Bank Ltd. signifies a pivotal force in South Africa's financial landscape, rooted in a rich history that echoes back to colonial foundations. Born from the amalgamation of several banks in the late 20th century, Absa has evolved into a formidable institution, steering itself with technological momentum and a customer-centric ethos. The bank operates primarily in personal, business, and corporate banking, with a sprawling network that extends beyond South African borders into key African markets. Offering products ranging from basic savings accounts to complex financial instruments, Absa leverages its extensive retail banking division to cater to a wide array of customer needs. It fuels growth and innovation by investing in digital banking solutions, providing seamless banking experiences and financial inclusion to an increasingly tech-savvy clientele. Absa’s financial engine roars to life through its diversified revenue streams, primarily driven by interest income from loans and advances. The bank extends credit across various sectors, from mortgage and vehicle financing in personal banking to larger corporate loans. Meanwhile, non-interest income flows from fees, commissions, and trading activities, including wealth management services offering mutual funds and insurance products. This revenue mix ensures resilience and adaptability in fluctuating economic climates. Absa's strategic focus on sustainability and social responsibility further positions it as a crucial player in advancing economic opportunities, not just in South Africa, but across the continent. Through a commitment to innovation and community engagement, the bank strives to balance profitability with impactful stewardship, driving forward with both confidence and responsibility in an ever-evolving financial world.

ABSP Intrinsic Value
Not Available
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See Also

What is Absa Bank Ltd's Non Interest Income?
Non Interest Income
24.4B ZAR

Based on the financial report for Dec 31, 2022, Absa Bank Ltd's Non Interest Income amounts to 24.4B ZAR.

What is Absa Bank Ltd's Non Interest Income growth rate?
Non Interest Income CAGR 10Y
2%

Over the last year, the Non Interest Income growth was 7%. The average annual Non Interest Income growth rates for Absa Bank Ltd have been 2% over the past three years , 2% over the past five years , and 2% over the past ten years .

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