Absa Bank Kenya

Overview

Absa Bank Kenya is NSE: ABSA + Kenyan commercial bank + Absa Group South African parent JSE: ABG ~68.5% controlling post-Feb 2020 Barclays Bank of Kenya rebrand + one of Kenya's largest commercial banks [1, ke-cro].

History

1916 — Barclays Bank Kenya branch opens distinctive Kenyan banking heritage.

Feb 10 2020 — Barclays Bank of Kenya rebranded as Absa Bank Kenya post-Absa Group rebrand.

2014 — Absa Mobile Banking app launch.

Ownership & operator

Operating entity: Absa Bank Kenya (Kenyan commercial bank; NSE: ABSA).

Major shareholders: Absa Group Limited (JSE: ABG; Absa Group South African parent; South Africa's #3 commercial bank by assets) ~68.5% controlling + Kenyan retail + institutional + foreign investors free float.

Regulators: CBK Central Bank of Kenya.

Technical integration

Absa Mobile Banking app (iOS + Android) + absabank.co.ke online + Absa Bank Kenya branch network across Kenya + Absa Visa + Mastercard cards; KE IBAN + PesaLink + IPN Kenya + M-PESA integration.

Implementations & partners

Absa Group parent: [[absa]] (Absa Group South Africa; JSE: ABG; South Africa's #3 commercial bank by assets).

Major Kenyan + East African banking + payments competitors: [[equity-bank]] (Equity Bank; NSE: EQTY + USE: EBL + RSE: EQTY; Kenya's largest commercial bank by customers; ~21M+ Equity Bank customers) + [[kcb-mobile]] (KCB Kenya Commercial Bank; NSE: KCB + USE: KCB + DSE: KCB; Kenya's #2 commercial bank by customers; ~30M+ KCB Bank customers) + [[coop-bank-kenya]] (Co-operative Bank of Kenya; NSE: COOP; Kenya's #3 commercial bank by customers) + [[standard-chartered-kenya]] (Standard Chartered Kenya; NSE: SCBK; Standard Chartered UK parent subsidiary) + [[stanbic-kenya]] (Stanbic Bank Kenya; NSE: SBIC; Standard Bank Group South African parent subsidiary) + [[m-pesa]] (M-PESA; Safaricom + Vodacom + Vodafone African mobile money; Kenya's largest mobile money platform; ~60M+ users across 8 African countries) + [[pesalink]] (PesaLink Kenyan national interbank P2P payment scheme).

Regulators: CBK Central Bank of Kenya.

Status

Active, NSE:ABSA + Kenyan commercial bank + Absa Group South African parent JSE:ABG ~68.5% controlling post-Feb 2020 Barclays Bank of Kenya rebrand + one of Kenya's largest commercial banks [1, 2].

Sources

• 1 Absa Kenya — official
• 2 Absa Kenya — Wikipedia
• ke-cro In-corpus: reports/countries/KE-kenya.md

Source

Biography extracted from absa-kenya.md. See matrix.md for standards-support matrix if present.