Friday, July 13 2018 /02:39 PM / Barclays
By the end of December 2017, London-based Barclays PLC had reduced its shareholding in our parent company Barclays Africa Group Limited to 14.9%, allowing us to make some exciting changes.
The first of these was the decision to change our parent company name from Barclays Africa Group Limited to Absa Group Limited. Shareholders and regulators have now approved this name change and as of 11 July 2018, Barclays Africa Group Limited will now be known as Absa Group Limited.
This change is happening at a group level and you probably won’t notice any change at all, as Barclays Banks and other group subsidiaries on the continent will not change their name immediately.
But it is important, because it is the next step in our journey to ultimately having one brand, Absa, across our operations (subject to regulatory and other approvals)