ABSA Group Limited, formerly known as Barclays Africa Group Limited, is a large financial services provider headquartered in Johannesburg, South Africa. It is one of Africa’s largest banks, with operations in 12 countries on the continent. ABSA provides a variety of banking products, including personal and business banking, wealth management, and corporate and investment banking.
The bank underwent significant rebranding after Barclays Plc sold its majority stake in the company in 2017, which led to the official name change to ABSA in 2018. Since then, ABSA has focused on expanding its footprint and investing in digital transformation to improve banking accessibility across Africa. It continues to operate under its mission of providing innovative financial solutions tailored to the needs of the African market.