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During 1985 Barclays Bank and Barclays Bank International merged, [34] and as part of the corporate reorganisation the former Barclays Bank plc became a group holding company, [21] renamed Barclays Group Plc, [34] and UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC from Barclays Bank Limited. [21]
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. [3] It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.
Absa Group changed its name to Barclays Africa Group. [7] In 2016, Barclays Bank Plc, which owned 62.3 percent of Barclays Africa Group (BAG), the then parent company of Absa Bank Limited (the South African subsidiary), decided to divest its majority shareholding in BAG, worth £3.5 billion at that time. [8]
He started banking for the Bank of Boston and then the Bank of New England. [5] He joined Barclays de Zoete Wedd (BZW) in the United Kingdom in 1994. [ 6 ] In 2002, he became the Chief Operating Officer of Barclays Global Investors before becoming head of Barclays Investment Banking and Management. [ 5 ]
By 2001, the bank had become a wholly owned subsidiary of Barclays. [15] Since March 2016, the bank has been wholly owned by the Barclays Africa Group. [16] With the re-branding of Barclays Africa Group, in 2018, Absa Bank Uganda is a 100 percent subsidiary of Absa Group Limited. [17]
Absa Bank Ghana is a large financial services company, serving corporate clients, high networth individuals, retail customers and small and medium enterprises.As of 31 December 2020, the bank had assets of GHS:12.546 billion (US$2.075 billion), with shareholders' equity of GHS:1.948 billion (US$322.2 million).
Since then the bank went through mergers, acquisitions and divestitures. Barclays Bank Mauritius operated as a branch of Barclays, until 1 June 2013, when it was incorporated as Barclays Bank Mauritius. That same year, the bank became a member of Barclays Africa Group, with Barclays Plc holding a controlling 62.3 percent majority ownership. [9]