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What services are offered by ABSA Bank of South Africa?

A:

Quick Answer

ABSA Bank offers financial and banking products and services to commercial, individual, retail and corporate customers mainly in South Africa and Namibia. The company also offers corporate and investment banking as well as wealth management products and services.

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Full Answer

Established in 1991, ABSA Bank serves customers in various sectors and industries, including construction, manufacturing, logistics and supply chain, the public sector and franchising. ABSA Bank’s individual financial and banking products and services include prepaid debit cards, international banking, transactional accounts, credit cards, and saving and investment solutions. Additionally, ABSA Bank provides personal, automobile, overdraft and student loans. It also provides unit trusts, share trading, offshore solutions, notice deposits, joint solutions, credit protection insurance and term deposits.

Furthermore, the company offers cheque accounts, business credit cards and savings accounts. It provides bank guarantees, employee benefits and merchant services. Its other commercial products and services include business revolving loans, asset finance, working capital, term loans, business overdrafts, credit management and the SMME fund. It also offers business Internet banking, phone banking services, small business support and franchise funding.

For commercial customers, ABSA Bank also provides international banking, current accounts, property finance and business credit cards. It also assists its customers with working capital, specialized funding and workplace banking services.

As South Africa’s first truly integrated, full service wealth-management firm, ABSA Bank provides wealth and investment management services to individuals who have over R15 million in investable assets. The bank designs a wide range of solutions to create, maintain and structure client wealth.

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