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Send  Print  Share  RSS  Twitter  16 Feb 2010

Absa to establish corporate bank

Johannesburg, Feb 16 (I-Net Bridge) - South Africa`s biggest retail banking group, Absa (ASA) a subsidiary of the UK`s Barclays Group plc, is to establish a corporate bank this year, Absa CEO Maria Ramos disclosed on Tuesday.
She said the new bank would provide a fully integrated corporate investment banking offering, with a broad suite of investment banking solutions.
The establishment of the corporate bank was part of the group`s growth in Africa strategy.
"Africa remains a area of growth for us, especially in countries where Barclays are represented," Ramos said.
I-Net Bridge.
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