10 Things you should know about Absa Group Limited

Absa Group Limited is a brand founded by Wendy Lucas-Bull. Here are 10 Things you should know about Absa Group Limited.

1. Absa Group Limited was formerly Barclays Africa Group Limited.
2. It was also originally Amalgamated Banks of South Africa.
3. It is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bancassurance.
4. It is the majority shareholder of 11 banks located in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia.
5. The group maintains representative offices in Namibia and Nigeria.
6. It also has an international office in London, which opened in September 2018.
7. In 2019, Absa Group opened another international office in New York City.
8. Absa was founded in 1991 through the merger of financial service providers United Bank (South Africa), the Allied Bank (South Africa), the Volkskas Bank Group and certain interests of the Sage Group.
9. The following year, Absa acquired the entire shareholding of the Bankorp Group which included Trustbank, Senbank and Bankfin.
10. In May 2005, Barclays Bank of the United Kingdom purchased 56.4% stake in Absa.