What is Absa vision and mission statement?
Our purpose is to bring possibilities to life. We believe everyone should have access to the transformative power of financial services to help them plan, dream, and aspire to change their lives for the better.
Our strategy aims to generate sustainable growth with returns in line with or better than the market. It accelerates growth, primacy and digitisation without materially altering the Group's risk appetite. It also further elevates sustainability as a priority.
We bring possibilities to life.
Absa Bank Limited (ABL), formerly known as Amalgamated Banks of South Africa, is a commercial bank in South Africa. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator.
We are a diversified African financial services provider offering products and services across retail, business, corporate, investment and wealth banking as well as investment management and insurance.
The first is “Africanacity”, speaking to the way that the people of Africa always find a way to get things done. This will spearhead the group's transition to a new Absa – while “Brave. Passionate. Ready.” marks the bank's attitude. It has also adopted a new purpose statement – “bringing your possibilities to life”.
In Absa Group SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors. SWOT Analysis is a proven management framework which enables a brand like Absa Group to benchmark its business & performance as compared to the competitors.
Absa has continued to lose “primary” customers – those who mainly bank with Absa and have a regular source of income in their accounts. In the year to end-December 2021, this base declined by around 100 000 customers, or 3% from 2.9 million to 2.8 million. However, the number is down 10% from 2019.
Moving towards community investment: pre-2012
During the 2000s, Absa's approach to CSI shifted from charitable giving, towards more impactful community projects which broadly aimed to stimulate social and economic upliftment.
Africanacity defined
There's a way of doing things that's unique to our continent. Of meeting every challenge with tenacity, ingenuity, positivity and creativity. At Absa, we call this Africanacity: the distinctly African ability to always find ways to get things done. It's the driving force behind everything we do.
Is Absa a good company to work for?
Great company to work for, benefits are great, you get the knowledge and experience you need. The work environment is great, always supportive.
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Absa Group Limited is one of South Africa's largest financial services organisations, serving personal, commercial and corporate customers in South Africa. The Absa Group Limited (Absa) is listed on the JSE Limited.
South Africa's banking sector is again led by Standard Bank, which retains its position as the biggest bank in the country when measuring capital. This is followed by FirstRand, which, along with retaining its number two spot, was also the biggest gainer over the past 12 months.
FNB is the oldest bank in South Africa, and can be traced back to the Eastern Province Bank formed in Grahamstown in 1838. Today, FNB trades as a division of FirstRand Bank Limited.
Realise your short or long-term goals or dreams with our Target Save Account. Start with an affordable opening amount of only P100 and set up a stop order to ensure you save up enough for what you want.
The Absa Money Market Account option is a liquid and capital-secure investment offering investors attractive interest returns. The Absa Managed Yield Account option aims to provide investors with a high-interest income return over the short to medium term, while protecting the nominal capital value of the portfolio.
Collectively, we are customer obsessed, we acknowledge the strength of our people and we deliver results sustainably, with an African heartbeat. Possibilities are abundant. Possibilities are generous.
Absa Group Limited (ABGL; formerly Barclays Africa Group Limited), and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bank assurance.
Great company to work for, benefits are great, you get the knowledge and experience you need. The work environment is great, always supportive.
Who is the CEO of Absa Bank?
Arrie Rautenbach (57)
Arrie was appointed as Group Chief Executive Officer (CEO) and Executive Director of Absa Group and Absa Bank, effective from 29 March 2022. He was previously the Chief Executive: Retail and Business Banking South Africa.
