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Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. [3] It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.
According to its website, Barclays Bank has been present in Zambia since 1918.However, the bank was licensed in its present form in 1974. The bank is a member of the Absa Group Limited, which was a subsidiary of Barclays Bank Plc., until June 2017, when Barclays Plc decided to sell down its shares in the group. [4]
The bank is a large retail bank that serves the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. It is a member of the South African banking conglomerate, Absa Group Limited, whose stock is traded on the Johannesburg Stock Exchange and whose total assets exceeded US$91 billion, as of October 2019.
The bank is primarily involved in meeting the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers. [6]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
The bank was granted a banking license by the National Bank of Rwanda, the national banking regulator, in 2011 and commenced commercial banking services in the same year. [5] On October 15, 2015, the Bank of Africa Group announced its acquisition of a 90% stake in Agaseke Bank. [6]
It was later purchased by the predecessor to the ABSA banking group and converted to offices, known as ABSA Centre. In 2019, the building was redeveloped as premium mixed-use residential and office space and renamed Foreshore Place .
She was born on 17 March, in Mazabuka, Mazabuka District, in Zambia's Southern Province.She worked at Zambia National Commercial Bank in the late 1980s and early 1990s. In 1993, she joined Standard Chartered Bank and over the years worked at the bank's subsidiaries in different countries, including the following: Zambia, South Africa, Kenya, Tanzania, Uganda, the United States of America and ...