- Barclays Bank Zambia PLC completes legal name change to Absa Bank Zambia PLC
- Company fully rebrands and adopts Absa name across Zambia
- Absa Bank Zambia PLC is part of Absa Group Limited, a proudly African banking group with a presence across 12 countries
and an international office in London and soon to open one in New York
Absa Bank Zambia PLC, a subsidiary of Absa Group Limited and which is formerly known as Barclays Bank Zambia PLC, has today received the license to operate and trade under its new name from the Bank of Zambia.
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.
“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,” said Mizinga Melu, Managing Director of Absa Bank Zambia PLC.
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.
“We have invested in crucial sectors of development of the national economy, including Mining, Energy, Agriculture, Public Sector, Oil & Gas, Manufacturing, Telecoms, Financial Services, Wholesale and Trading. We 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,” said Mizinga Melu.
For customers, there will be no change to their account details and there will no fee changes associated with the name change.The Bank’s branches will continue to operate as usual.
From 10 February 2020, all new cards and cheque books will be issued under the Absa brand. Barclays branded cards will continue to work as normal until their date of expiry. Customers can continue to use their Barclays branded cheque books until 31 August 2020. Thereafter, only cheques drawn on from an Absa branded cheque book will be accepted.
Customers are urged to be particularly vigilant during this time, as fraudsters are always looking for opportunities to obtain
important personal information.
Mizinga Melu 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 centred around the ever-changing needs of customers. We
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,” Mizinga Melu said.
Ooh yes! We will continue supporting Absa in all areas of economic importance in the country. Continue your social responsibility commitments even in the sports circles
Who cares? It’s the same thieves…it seems people don’t know the history of this bank.
After years of living in denial like Madison insurance….lies have finally caught up with Barclays bank
There’s no honesty in this kind of language, is it difficult to just say the sale of Barclays Bank Zambia to Amalgamated Bank of South Africa has now been completed?
And what will happen to Pamela Gondwe if she resurface and get caught,will she be persued under the old bank’s name?
Might as well move to FNB. It is a better bank than this ABSA or Stanbic banks in Zambia.
Be blunt: ” Barclays Bank closes in Zambia, sold to South African Bank”.
This is problem of appointing women, especially beautiful ones, it is HARD to fire them, extremely hard.
No one wants to be accused of sexual harassment etc.
Mzinga my bestie.Good work in making an independent zambian run bank a reality. One of my accounts is with you guys as I have confidence in your ability. Kz
@ kaizar Zulu. FYI you are being watched. We know what you’re doing, we know what you’ve done and also know what you’re planning to do in terms of intimidation, harassment, torture or false imprisonment of innocent Zambians. Everything you’ve done in your name or in Lungu’s name is well documented
Nostradamus – When are you going to grow up? Your friend Nobo forgotten his name has matured but you its still drinking whiskey and blogging
Us Zambians are just at looking pretty and good workers with all that experience can’t we form our own banks, all this money is going back to SA. They bought this Barclays long time ago they have still retained the Barclay brand name in Ghana, Seychelles, Botswana and slowing changing the name. We have all these experienced women in banking like Margaret Mwanakatwe who just retire in a drunkard stupor
The headline should have read “Barclays CONTROVERSIALLY becomes ABSA!”
There is something fishy about this whole Barclays sale to ABSA – someone is trying to be smart here. Somebody needs to dig deeper here! And where is the REGULATOR (Central Bank) in all this????
Unveiling of Absa Bank Botswana Head Office.
Barclays Bank Botswana this morning officially launched its new identity as Absa Bank Botswana Ltd, marking the finalisation of a change that began more than seven years ago.
The P17 billion deal under which the Absa Group acquired the African operations of Barclays Plc has gone through various key stages, with the rebranding exercise marking the final step.
Speaking at the official brand launch, Absa Bank Botswana managing director, Keabetswe Pheko-Moshagane said the occasion was a “new dawn” for the bank, which is the country’s second oldest.
She said in adopting the Absa name, the bank would leverage its African heritage to drive relevant initiatives that can further unlock and support the country’s growth.
Absa Bank Botswana…
Miss Gondwe now u can come back, there is no more Barclays. Mulandu wasila
Indeed, whoever is managing the Bank of Zambia seems to be sleeping! This is day light robbery. How can Barclays claim that they have just “changed the name of the bank?” When it is clear to any sane person that the bank HAS BEEN SOLD to ABSA!
The whole thing is schemed to dodge the provisions of the new labour laws. Barclays managers are trying to outsmart the government (especially the Ministry of Labour). They are trying to avoid their obligations to their employees and the regulator – regarding the sale of the bank to ABSA.
As far as the recent SI is concerned the ‘former Barclays employees’ must be allowed to choose between being paid “severance packages” or sign new contracts with the new bank, ABSA. And they must not be coerced or intimidated into signing contracts.