Overview
Absa Group is one of the largest financial services groups in South Africa with operations in a dozen African countries. The group offers a range of banking and financial services including deposits, loans, credit cards, insurance, financial planning, and investment banking services. Its Absa Securities UK subsidiary in London launched its international operations and the group is currently working to procure licenses in the US. With an extensive
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Read More branch network, a team of 41,000 banking professionals and a customer base of over 12 million, it is one of Africa's most respected banks.
Read Less
Read More branch network, a team of 41,000 banking professionals and a customer base of over 12 million, it is one of Africa's most respected banks.
Read Less
Depository Credit Intermediation
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Other Investment Pools and Funds
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Credit Intermediation and Related Activities
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Finance and Insurance
,
National commercial banks
See All Industries Management investment, open-end
See Fewer Industries
See All Industries Management investment, open-end
See Fewer Industries
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
,
Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
$5.92 billion
Actual
4.96%
8.88%
$2.07 million
?
Johannesburg:ABG
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Financial Data
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Revenue in USD
Annual Revenue
$5.92 billion
USD
Modelled
1 USD = 18.5429 ZAR
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $3,374 | $2,423 | $1,241 |
| Net Investing Cash | -$133 | -$343 | -$285 |
| Net Financing Cash | -$656 | -$1,259 | -$680 |
| Net Change in Cash | $2,585 | $821 | $276 |
| Cash at Beginning of Period | $4,872 | $4,089 | $3,720 |
| Cash at End of Period | $7,431 | $4,872 | $4,059 |
| Capital Expenditure | -$494 | -$387 | -$318 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6,717 | $4,196 | $3,582 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $876 | $864 | $826 |
| Intangible Assets | $824 | $737 | $655 |
| Total Assets | $2,068,695 | $1,874,876 | $1,792,101 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $962 | $1,000 | $877 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $101,679 | $92,244 | $88,388 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $96 | $96 | $91 |
| Retained Earnings | $7,507 | $7,027 | $6,588 |
| Equity Summary | |||
| Total Equity | $9,160 | $8,243 | $7,660 |
| Shares Outstanding | 829,458,437 | 829,054,654 | 827,426,181 |