01

We are an African group, inspired by the people we serve and determined to be a globally respected organisation of which Africa can be proud.

We’re committed to finding tailored solutions to uniquely local challenges and everything we do is focused on creating shared value.

To this end, we offer a universal set of products and services across retail, business, corporate, investment and wealth banking, as well as investment management and insurance solutions.

Listed on the JSE, the Absa Group is one of Africa’s largest diversified financial services groups with a presence in 14 countries.

We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia as well as insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. We also have representative offices in Namibia, Nigeria and securities entities in the United Kingdom and the United States.   

02

What is our purpose?

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. We will find creative ways to deliver innovative technologies and propositions to make more possible, and we will help shape a world that values progress and economic activity to serve the common good. We believe in growth that is sustainable, which serves to benefit generations of our customers, our employees, and our communities on our continent and in the world at large.

 

 

04

Our values

We drive high performance to achieve sustainable results
  • We play to win and are accountable for results.
  • We innovate, we are decisive, and we act quickly.
  • We learn from our failures and we are bold enough to change course.
Our employees are our strength
  • We integrate diverse perspectives to invent the future.
  • We collaborate with courage, honesty and powerful energy.
  • We trust, value and grow our people to achieve their full potential.
We are obsessed with the customer
  • We integrate diverse perspectives to invent the future.
  • We collaborate with courage, honesty and powerful energy.
  • We trust, value and grow our employees to achieve their full potential. 
We have an African heartbeat
  • We deliver a uniquely Absa experience, across Africa.
  • We co-create across Africa to deliver better solutions.
  • We actively engage our communities to bring possibilities to life.

03

The Absa Way Code of Ethics

The Absa Way Code of Ethics outlines our values and expected behaviours when engaging with our fellow employees, customers and clients, shareholders, governments, regulators, business partners, suppliers, competitors and the broader community. 

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Sustainability policy and Summary coal financing standard  

Summary coal financing standard

Sustainability policy

04

Playing a shaping role in Africa’s growth and sustainability

Our Group strategy is anchored in the concept of creating shared value. We have a vested interest in creating inclusive growth in Africa and delivering financial products and services in a socially and environmentally responsible manner. Opportunity and success can only be enabled through all people being treated equitably, having good health, and having access to education and income opportunities.

As a purpose-led organisation and recognising the link of our sustainability to that of the communities where we operate, our role in society strategy brings together multiple value creation initiatives across the Group. Together, these distinct yet complementary activities generate the direct and indirect economic, social and environmental impacts across our presence countries.

Inclusive finance
  • We aim to create economic growth in a positive way at a regional, community and individual level.

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Education and skills development
  • We are partnering with leading specialists to help prepare the youth for employment and entrepreneurship in the workplace of the future

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Environmental sustainability
  • We aim to help mitigate climate change risk in Africa, while using positive and progressive climate-linked initiatives to contribute towards a more sustainable future for the communities we serve

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Promoting a just society
  • We support efforts to deepen democracy, accountability and the effectiveness of public institutions in the countries in which we operate; and support efforts to overcome issues relating to equality, social wellbeing, employment and justice. 

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04

Our approach to Broad-Based Black Economic Empowerment

Absa supports a vision of a non-racial, non-sexist democratic society creating opportunities for all people to prosper.

We are committed to using our financial resources, the expertise of our people and our infrastructure to promote inclusive growth in the societies in which we operate. We aim to achieve this in a meaningful and sustainable way and do so as we simultaneously transform our own organisation. We are a values-based organisation, driving a culture of fairness and equal opportunity.

In South Africa, we embrace the principles of the Broad-Based Black Economic Empowerment (B-BBEE) Amendment Act, which serves as the basis for the Department of Trade and Industry’s Financial Sector Code (FSC).

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05

Our group legal structure

  1. South Africa
  2. Tanzania
  3.  See our latest Consolidated and separate financial statements for further information on subsidiaries and consolidated structured entities.