Financial Institutions Group

Unlocking value across the continent in this evolving sector

We provide comprehensive support to the sector most pivotal to economies and countries.







Local and global expertise and partner networks support our clients’ cross-border growth

Absa’s Financial Institutions team builds and maintains relationships with international banking partners and domestic banking partners across the continent. Through our cross-border relationships, we ensure that Absa’s CIB, Wealth, Business Banking and private clients are able to transact overseas.

Every cross-border transaction requires a remitting bank and a beneficiary bank, which places us at the centre of all international activity – from imports and exports, to foreign exchange and investments.

Our clients are able to leverage our relationships that we’ve built and nurtured with more than 1000 banking institutions around the globe.

Our on-the-ground expertise ensures that we only work with institutions and in jurisdictions that have strong Compliance (Know Your Customer (KYC), Anti-Money Laundering (AML) and Anti-Terrorism protocols and regulations in place to ensure our clients are protected from a moral, regulatory and corporate governance perspective.

As one of the largest Pan African banks operating across the continent, we are able to support our clients through our strong balance sheet, innovative products and relationships with top Tier  international and African banks, being a true gateway in and out of Africa.

As Africa continues to innovate and grow, Absa CIB’s robust sector focus, deep industry expertise, strong regional presence and valuable network of international relationships continues to propel and support our clients’ expansion ambitions.

Mike von Fintel 

Head: Financial Institutions


Spearheading the sector that drives diversified and inclusive economies

The Financial Services sector is pivotal to every country’s economy. From insurance to financial markets and micro finance institutions, to money services businesses and asset retirement obligations (AROs), countries evolve based on advancements made in their financial services sector. Essentially this is the one sector that determines how diversified and inclusive an economy is.

The Financial Services sector has also been subject to tremendous change over the past decade with the pace and agenda largely driven by digital disruptors.

Regulations, compliance, cyber risks and tech advancements have made their mark – from the clear impacts of disruption in the FinTech and InsurTech spaces – to less obvious innovations such as Uber, that will directly impact the car insurance market in years to come.

The global pandemic is expected to intensify the spotlight on the need to build more comprehensive economies, considerations that the Financial Services sector must urgently address.

At Absa, our strength in this market is evidenced by our proven track record. We are the primary transaction bank of Sanlam, Munich Re, Santam, AIG, Willis and Monet.

Our service excellence, product innovation and extensive industry expertise are borne out of our ability to stay abreast of regulatory changes, detect shifts in the market and identify new opportunities.

Our scale and credit rating underpins the established and trusted role that we play in this sector, both in South Africa and across the African continent.

Monique Pennells

Head: Non-Bank Financial Institutions

Latest Insights

Unique perspectives on factors impacting the financial sector today


NBFI Insights 2023

Our foresight assists your business' sustainable growth potential. We understand that expert insights create great impact when actioned with collaboration, one sector at a time. 



We are committed to identifying and supporting fintech-related advisory opportunities. From facilitating mergers and acquisitions to capital raising in both public and private markets, our role extends beyond traditional banking boundaries.


NBFI Insights

As one of the largest funders of agricultural projects in sub-Saharan Africa, we are fortunate enough to have access to some of the most sophisticated farmers and agri-processing professionals on the continent. Couple this with the fact that we are one of the largest card issuers in South Africa and have access to data-rich consumer insights; we are uniquely positioned to track the journey of agriculture projects from farm to fork.

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New entrants are disrupting the financial institutions group sector

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Room for consolidation in the insurance sector in Africa

The insurance sector in South Africa could benefit from the consolidation of small, independent and unprofitable brands into bigger and stronger players.

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