Britain\'s Barclays agreed a $5.5 billion deal for control of lender Absa on Monday, marking its return to South African retail banking and the biggest direct foreign investment in the country.
The UK bank\'s long-awaited announcement is a major vote of confidence in the South African economy more than a decade after the demise of the apartheid regime and 19 years after Barclays\' forced exit from the country.
Britain\'s third-biggest bank will pay 33 billion rand ($5.5 billion) in cash for 60 percent of
Here are some key facts about
STANDARD BANK
Total assets: 616 billion rand ($103.2 billion)
Revenues: 35.21 billion rand
Market capitalization: 88.14 billion rand
Employees: 39,080
Price to earnings ratio, normalized: 11.07
African operations (outside
FIRSTRAND
Total assets: 424.8 billion rand
Revenues: 22.41 billion rand
Market capitalization: 75.85 billion rand
Employees: 35,800
Price to earnings ratio, normalized: 15.2
African operations: Seven countries
ABSA
Total assets: 313.9 billion rand
Revenues: 28.9 billion rand Market capitalization: 52.41 billion rand
Employees: 32,356
Price to earnings ratio, normalized: 11.3
African operations: Six countries
NEDCOR
Total assets: 306.85 billion rand
Revenues: 23.83 billion rand
Market capitalization: 30.31 billion rand
Employees: 21,103
Price to earnings ratio, normalized: 17.1