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Tag: Barclays

Absa celebrates substantial completion in Separation from Barclays

Absa celebrates substantial completion in Separation from Barclays

. Unites as a single brand across  African footprint. . Achieves one of the biggest banking rebrands on the continent to date. Absa Bank Botswana’s parent company, Absa Group Limited announced the substantial completion of critical projects on its Separation journey. Following Barclays PLC’s decision to sell down its controlling stake in Barclays Africa Group Limited in 2016 the bank was permitted to continue using the Barclays brand during the June 2017 to June 2020 transition period. The banking group marked the end of this component of the Separation journey on 5 June 2020 with the official name change to Absa in Botswana and across all Absa Group subsidiaries on the continent earlier this year. “As a unified African brand, we have never been more ready to become a self-sufficient bank of the future,” says Keabetswe Pheko-Moshagane, MD of Absa Bank Botswana. “We are now able to own and control our processes and ...

Barclays’ profit up 5%

Barclays’ profit up 5%

Barclays Bank Botswana has registered a five percent growth on Profit before Tax (PBT) for the year ending December 2018. The bank reports that its PBT stood at P588 million. ...

Barclays injects P100m into SMEs

Barclays injects P100m into SMEs

Barclays Bank Botswana, through the Enterprise Development and Supply Chain Development Programme (ESD), will this year inject over P100m in funding of the Small Medium Enterprises (SMEs) businesses. This was ...

Absa Separation from Barclays 69% Complete

Absa Separation from Barclays 69% Complete

Absa Separation from Barclays 69% Complete; on Track for Completion in 2020 Absa Group Ltd., one of the largest financial services providers in Africa, told investors yesterday that its programme to separate from Barclays PLC is 69% complete. Absa said 184 of the 266 projects have been successfully delivered, two years into the three-year programme. The separation comprises the gradual replacement of services, primarily involving operational and ...

Barclays PBT hits P638m

Barclays PBT hits P638m

The outgoing Managing Director of Barclays Bank Botswana Reinette van der Merwe leaves the bank a very happy woman having overseen a resurgent performance of the company. The bank’s profit ...

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