Absa bank Zambia plc, a subsidiary of Absa group limited and which is formerly known as Barclays bank Zambia plc has received a license to operate and trade under its new name Absa.
The name change marks the start of a new era for the bank’s operations, one that sees the realisation of an ambition to become an independent African bank.
The company, which has been operating in Zambia for over 100 years, reiterated its commitment to the country’s growth and economic development under the Absa brand.
Speaking during the official transition event from Barclays to Absa in Lusaka on February 10, 2020, Absa Managing Director Mizinga Melu said the bank has invested in crucial sectors of the national economy, including mining, energy, agriculture, public sector, oil & gas, manufacturing, telecoms, financial services, and trading p.
She said that therefore, Absa will continue to play a critical role by investing in these sectors without neglecting the ordinary citizen who seeks quality financial services and safe investments for their hard-earned money.
“Today we begin a new chapter as Absa Bank Zambia plc adopting our parent company’s name and brand while retaining our indelible commitment to Zambia and its people. Our new brand is a commitment to Zambia and to the wider continent: Absa is a truly African bank, with global scalability and reach,” She said.
Mizinga reaffirmed that the bank would remain a significant player in the banking and financial services sector in Zambia and a contributor to the country’s economy.
“As Absa, our ambition is to become a digitally-led bank that is centered around the ever-changing needs of customers. Fie believe we have a role to play and intend to leverage digital technology to expand reach and access of financial services but also provide affordable services,” she added.
