Absa Group Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Absa Group Limited - overview
Established
1991
Location
Johannesburg, -, South Africa
Primary Industry
Financial Services
About
Barclays Africa Group Limited is a prominent financial services provider, offering a diverse range of banking and investment solutions to individuals and businesses across various markets in Africa. Founded in 1991, Barclays Africa Group Limited operates as a comprehensive financial services firm, headquartered in Johannesburg, South Africa. The company is led by CEO David Hodnett and has undergone various strategic pivots to adapt to the evolving market landscape. Barclays Africa provides a comprehensive suite of financial services, including retail banking, investment banking, corporate banking, and wealth management.
Its retail banking division offers personal and business banking solutions, such as checking and savings accounts, loans, and credit facilities tailored to individual consumers and small to medium-sized enterprises. The investment banking sector serves larger corporations, providing advisory services for mergers and acquisitions, capital raising, and risk management. These financial products cater to a diverse client base across multiple regions, including South Africa, Kenya, and Nigeria. In 2022, Barclays Africa reported a revenue of USD 5,983.
00 mn with an EBITDA of USD 2,247. 81 mn, generated through various financial services aimed at individuals, small businesses, and corporate clients. Barclays Africa plans to enhance its product offerings with the launch of new financial services aimed at both retail and corporate clients by mid-2024. The company is targeting expansion into additional markets within Africa, including Tanzania and Ghana, with a projected onboarding timeline extending into 2025.
Recent funding will support these initiatives by enhancing infrastructure and technological advancements to better serve its expanding clientele.
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services
Website
www.barclaysafrica.com
Total Amount Raised
Subscriber access only
Absa Group Limited - timeline of key events
Absa Group Limited - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 65,975,000,000 | - | - | - | - | 87,649,000,000 | 97,546,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | 11.3% | - | - | - |
| EBITDA (USD) | 67,349,000,000 | - | - | - | - | 32,749,000,000 | 36,648,000,000 | - | - | - |
| Operating Income (USD) | 21,682,000,000 | - | - | - | - | 26,724,000,000 | 30,802,000,000 | - | - | - |
| Operating Margin | 32.9% | - | - | - | - | 30.5% | 31.6% | - | - | - |
| % EBITDA Margin | 102.1% | - | - | - | - | 37.4% | 37.6% | - | - | - |
| NET Income (USD) | 15,847,000,000 | - | - | - | - | 19,425,000,000 | 22,711,000,000 | - | - | - |
| % Net Margin | 24.0% | - | - | - | - | 22.2% | 23.3% | - | - | - |
Absa Group Limited - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.