Absa Bank Zambia Plc (formerly Barclays Bank of Zambia) is a commercial bank in Zambia. Approved by Zambian Bank, Central Bank, and National Bank Regulatory Authority. In this article, you will learn how to login to Barclays Bank Zambia.
The headquarters and head office of the Bank of Ababa in Zambia is located in Addis Ababa, in Lusaka, Zambia.
We are a major financial institution in Zambia. This institution meets the needs of banks of large corporations, small businesses, individuals, and government agencies. As of December 31, 2015, the bank had total assets of 906.7 billion ZMW ($ 931.6 million) and net assets of 930. million ZMW ($ 95.6 million). As of December 2017, the bank employs 1,20 people in Zambia. Learn how to login to Barclays Bank Zambia down below!
According to its website, Barclays Bank has existed in Zambia since 1918. However, the bank license dates form in 1971. The bank is a member of Absa Group Ltd, a subsidiary of Barclays Bank Plc. Then, until June 2017, when Barclays Plc decides to sell its shares in the group. In March 2018, Absa Group Limited decided to rename Absa Group Limited renamed
In 2016 Barclays Bank Plc held a 62.3% stake in Barclays Africa Group (BAG). At the time, BAG was the parent company of Barclays Bank of Zambia. Barclays decided to sell a controlling stake in CSD, which was worth £ 3.5bn at the time. In December 2017, Barclays reduced its stake in BAG to 1 .9%.
Following these events, BAG changed its name to Absa Group Limited in 2018. Based on this rebranding, Absa had to rename its subsidiaries in 12 African countries by June 2020. In Zambia, the change of brand will expire on February 10, 2020, and the trading name and company name of the bank will be Absa Bank Zambia Plc. Branch network
As of May 2020, the banks have a network of more than 7 branches.
The Chairman of the Board of Directors of Barclays Bank Zambia is Chishala Kateka. Bank
CEO Mizinga Melu started on 10 February 2020 as AbsaBank Zambia PLC. Therefore, Barclays continues to hold a substantial stake in its parent company, Absa Group. However, it is no longer a major shareholder and the group remains in operation. Separate Africa operations from Barclays PLC operations. We have separated our Zambia operations from those of Barclays and are now the legal and official ABSA in Zambia. The new name gives us a great opportunity to launch a name and brand that reflects our African identity and unite behind a single brand and aim to realize their potential.
All Barclays products and services work as before. The Barclays branded card will be replaced with the Absa branded card upon expiration. Absa Group Ltd was officially renamed Absa Group Limited and today started trading on the Johannesburg Stock Exchange under the new name and share number (ABG). The name change marks the start of a new era for the group as an independent African group with a new brand design in line with aggressive business practices of the digital age. In addition to the South African brand, the new Absa Group will have offices in 12 African countries and will open international offices in the UK and USA.
“Our new name and brand is a manifestation of our new purpose and new strategic direction and promises growth in Africa,” said Maria, Chief Executive Officer of Absa Group Limited. Ramos says. “We gathered for a common purpose and identity and celebrated our diversity,” he said.
The Absa Group launched a new growth strategy on March 1, 2018, by separating it from Barclays PLC. This strategy supports cultural transformation, regaining leadership in the Group’s key business areas, and developing pioneering proposals for clients and clients. The new Absa brand design embodies the Group’s new goal of “bringing your potential to life.”
The implementation of the new Absa brand design in South Africa will be completed in 2019. That is to say, the new Absa brand will also be extended to the Barclays bank of the Absa group in Botswana, Ghana, Kenya, Mauritius, Mozambique, in Saychel, Tanzania, Uganda, and Zambia. Mid-2020 requires regulatory approval from these countries. The characteristics of the products and services are not affected by the rebranding program. Renaming Barclays Bank across the continent will allow teams to build on the Absa brand as a strong and stable bank. Key brand Absa was named the fourth most valued brand in South Africa this year by global brand assessment and strategic advisory firm Brand Finance (estimated at Rs 18.9 billion, the equivalent of about 1.5 billion rupees).
Absa Group Limited (“Absa Group”) is the parent company of Absa Bank Zambia PLC and is listed on the Johannesburg Stock Exchange in Africa. We are one of the largest diversified financial services groups in Africa. Phi, offers an integrated mix of products and services including personal and commercial banking, corporate and investment banking, wealth management, investment management, and insurance. The group incorporated 12 African countries and has international representative offices in London and New York. To sum up, the group has approximately 10,000 employees, more than 1,000 branches, and approximately 10,000 ATMs.
The Group is located in Johannesburg, South Africa, and holds majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa (Absa Bank), and Tanzania (Absa Bank Tanzania and National Commercial Bank). I’m. Uganda and Zambia. The group also has representative offices in Namibia and Nigeria, with insurance activities in Botswana, Kenya, Mozambique, South Africa and Zambia.
Historically, Absa originated in South Africa, but the new (officially adopted) Absa brand represents a unique and diverse group of African banks aiming to bring operational capabilities.
How to login Barclays Bank?
Firsly, visit the Bank’s website. After that, look for “Login” and click the tab. There, choose Personal, Business Banking, or Corporate Banking. After that, write the password.
As simple as it is, this is how to login to Barclays Bank Zambia, now renamed Absa Bank.