How did absa bank start?

Answer 1

Absa Bank originated in 1991 when a group of regional banks in South Africa, known as the Associated Banks, merged to form the Amalgamated Banks of South Africa. The bank's roots trace back to the late 19th century, with the establishment of various local banks. In 1997, it rebranded as Absa, which stands for "Amalgamated Banks of South Africa." In 2000, Absa was acquired by the Barclays Group, further expanding its reach and services.