[4] The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries.
[5] Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019.
[11] The bank opened in 1927, with two branches in the capital city, Kampala, and one in Jinja, the country's second-largest commercial centre, at that time.
[26] Effective 1 April 2020 Mumba Kalifungwa began serving as the substantive Managing Director and CEO.
Nazim holds a Bachelor of Business Administration degree, awarded by the University of Massachusetts, Amherst and a Master of Business Administration in Finance from Bentley College, in Waltham, Massachusetts, all in the United States.
[29] In December 2021, Absa Bank Uganda was the first financial institution in the country to introduce ATM machines capable of accepting and dispensing cash, using smart mobile phones, without the presence of the traditional ATM card.
The Absa Banking App generates a QR Code, which the customer scans on to the ATM screen and then allows the execution of the desired transaction.