Absa Bank Kenya PLC
ABSA.NR – NAIROBI STOCK EXCHANGE
Business Description
Absa Bank Kenya PLC (the Bank) is a provider of financial services. The Bank is engaged in the business of banking and the provision of related services. The Bank operates through two segments: Consumer Banking and Corporate Banking. The Consumer banking segment is composed mainly of retail business which incorporates individual customers’ deposits and consumer loans, overdrafts, credit card facilities and fund transfer facilities. The Corporate banking segment centers on delivering specialist investment banking, financing, risk management and advisory solutions across asset classes to corporates, financial institutions and government clients. Its products include bank accounts, credit products, investment, asset and fund management, bancassurance and Wezesha Biashara. Its services include Absa App, Timiza, ChatBanking (Abby), NovoFX App, Credit card, Internet Banking and Hello Money *224#. It operates over 83 branches, 196 ATMs, 60 cash deposit machines and 5,209 POS devices.
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Financial Summary
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