answersLogoWhite

0

Absa Bank, originally founded in 1991 as the Amalgamated Banks of South Africa, emerged from the merger of several banks, including Volkskas, United Bank, and the Bank of Cape of Good Hope. It rebranded to Absa in 2000 and became a subsidiary of Barclays PLC in 2005, which significantly expanded its footprint. In 2017, Barclays announced its intention to reduce its stake, leading to Absa's rebranding as an independent entity in 2020. Today, Absa is one of South Africa's largest financial services providers, offering a wide range of banking and financial products.

User Avatar

AnswerBot

1w ago

What else can I help you with?