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In 2018, BAG re-branded to Absa Group Limited.Under the terms of that re-brand, Absa has until June 2020 to change the names of its subsidiaries in 12 African countries. [12] In Tanzania, the re-brand concluded on 11 February 2020, when both the bank's legal and business names became Absa Bank Tanzania Limited. [13]
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.
International Commercial Bank Tanzania Ltd, part of ICB Banking Group; Azania Bank Plc, state-owned; Absa Bank Tanzania Ltd, part of Absa Group; I&M Bank Tanzania Ltd], part of I&M Bank Group; Access Bank Tanzania Ltd, part of Access Bank Group; People's Bank of Zanzibar Ltd; Citibank Tanzania Ltd, part of Citigroup; CRDB Bank Plc; Tanzania ...
In 2000, the South African banking group, Absa Group Limited, acquired a majority stake in NBC (1997) Limited. The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group took up 15% shareholding in the bank. The new entity became known as National Bank of Commerce ...
Bank of Tanzania; BancABC; CRDB Bank; Dar es Salaam Community Bank; Exim Bank (Tanzania) FBME Bank; Mkombozi Commercial Bank; National Bank of Commerce (Tanzania) People's Bank of Zanzibar; Zenith Bank [30]
After the government of Tanzania began financial sector reform following the end of Ujamaa economic policies in the country, the Tanzania Post office Savings bank was transformed into a separate entity, the Tanzania Postal Bank. The Tanzania Postal Bank Act No. 11 of 1991 created the bank as a separate entity from the Tanzania Posts and ...
ABSA may refer to: . ABSA Cargo Airline, a cargo airline; Absa Group Limited, a pan-African financial services conglomerate that includes: . Absa Bank Limited, one of the largest banks in South Africa, a subsidiary of Absa Group Limited
As of 31 December 2018, the bank's total assets were ZAR:1,289,000,000,000 (US$73,691,500,000). [2] Absa Bank Limited is a 100 percent subsidiary of Absa Group Limited, the Pan African financial services conglomerate headquartered in South Africa, with subsidiaries in 12 African countries, whose total assets exceeded US$91 billion as at October ...