Formerly | Barclays Bank of Botswana Limited |
---|---|
Company type | Public subsidiary |
BwSE: ABBL | |
Industry | Financial services |
Founded | 1950 |
Key people | Oduetse Andrew Motshidisi (chairman) Keabetswe Pheko-Moshagane (managing director and CEO) |
Products | Loans, checking, savings, mortgages, debit and credit cards, wealth management, investments, etc. |
Total assets | BWP:17,963 billion (US$1.609 billion) [1] |
Number of employees | 1,100 (2020) |
Parent | Absa Group Limited (67.8%) |
Website | absa |
Absa Bank Botswana Limited, formerly known as Barclays Bank of Botswana Limited, is a commercial bank in Botswana, licensed by the Bank of Botswana, the country's central bank and national banking regulator. [2]
The headquarters of the bank are located at the 5th Floor, Building 4 Plaza, Plot 74358, in the central business district of Gaborone, the capital and largest city in Botswana. [3]
Absa Bank Botswana is a large financial services company, serving corporate clients, high networth individuals, retail customers and small and medium enterprises. As of June 2019, the bank had assets of BWP:17,963,238,000 (US$1.609 billion), with shareholders' equity of BWP:2,103,780,000 (US$188.438 million). [1]
This bank is a subsidiary of Absa Group Limited, a financial services conglomerate, headquartered in South Africa, with subsidiaries in 12 African countries and with assets in excess of US$87 billion as of 30 June 2017, [4] whose shares of stock trade on the Johannesburg Stock Exchange under the symbol ABG. [5]
According to the bank's website, it started operating in Botswana as a branch of Barclays Bank Plc of the United Kingdom, in 1950. In 1975, Barclays Bank of Botswana was incorporated as a legal business entity and continued to operate in the country, as a subsidiary of Barclays. [6] On 19 June 1989, the shares of the bank were listed on the Botswana Stock Exchange, where today, they trade under the symbol ABBL. [3]
Barclays Bank Plc, which owned 62.3 percent of Barclays Africa Group (BAG), the then majority shareholder of Barclays Bank of Botswana Limited in 2016, decided to divest its majority shareholding in BAG, worth £3.5 billion at that time. In 2017 Barclays reduced its shareholding in BAG to 14.9 percent. [7]
Subsequently, in 2018 BAG re-branded to Absa Group Limited. Under the terms of that re-brand, Absa had until June 2020 to change the names of its subsidiaries in 12 African countries. [8]
Beginning in December 2019, Barclays Bank Botswana Limited began re-branding to Absa Bank Botswana Limited. [9] The re-brand concluded on 10 February 2020, when both the bank's legal and business names became Absa Bank Botswana Limited. [10]
The bank is supervised by a five-person board of directors, chaired by Oduetse Andrew Motshidisi, one of the non-executive directors. The managing director and CEO is Keabetswe Pheko-Moshagane. [3]
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.
First National Bank is one of South Africa's "big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index.
Olympia Capital Holdings Limited is a holding company comprising several businesses in East and Southern Africa. The company's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Botswana and South Africa. The company is listed on the Nairobi Securities Exchange (NSE) and trades as OCH. In addition to the NSE listing, its Botswana subsidiary Olympia Capital Corporation is listed on the Botswana Stock Exchange.
Access Bank Botswana, is a commercial bank formerly known as BancABC Botswana, that is headquartered in Gaborone, Botswana. In October 2021, Access Bank Group concluded the acquisition of 78.15 percent shareholding in the stock of the erstwhile BancABC Botswana. The bank subsequently rebranded to its current name to reflect its shareholding. The shares of stock of Access Bank Botswana are traded on the Botswana Stock Exchange, under the symbol: ACCESS. The company shareholding amounting to 21.85 percent that is not controlled by Access Bank Group is free-floating on the BSE.
First Capital Bank Botswana Limited, formerly known as Capital Bank, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a Mauritius-based financial services conglomerate, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.
National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator. In August 2019, the bank was fined TSh 1 billion (US$435,000) because of the failure to establish a data center in the East African nation.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
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. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Absa Bank Tanzania Limited (ABT), formerly Barclays Bank Tanzania Limited, is a commercial bank in Tanzania and a subsidiary of South Africa-based Absa Group Limited. ABT is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.
Absa Bank Zambia Plc, formerly Barclays Bank of Zambia, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.
Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, is a financial services holding company formed to undertake the acquisition of target banks in Africa.
Letshego Holdings Limited is a microfinance holding company with its headquarters in Gaborone, Botswana and is listed on the Botswana Stock Exchange (BSE). Letshego is a Setswana word meaning “Support”.
RMH, previously known as Rand Merchant Bank Holdings, is a South African diversified financial services holding company.
Absa Bank Mozambique, formerly known as Barclays Bank Mozambique, is a commercial bank in Mozambique. It is licensed by the Bank of Mozambique, the central bank and national banking regulator.
Mumba Kalifungwa, is a Zambian accountant and corporate executive, who is the managing director and chief executive officer of Absa Bank Uganda Limited, a commercial bank in Uganda, whose assets were valued at US$1.19 billion as of December 2023. He took up this assignment on 1 April 2020.
Absa Bank Mauritius Limited (ABML), formerly known as Barclays Bank Mauritius Limited, is a commercial bank in Mauritius, licensed by the Bank of Mauritius, the country's central bank and national banking regulator.
Absa Bank Seychelles Limited, formerly known as Barclays Bank Seychelles Limited, is a commercial bank in Seychelles. It is licensed by the Central Bank of Seychelles, the central bank and national banking regulator.
Absa Bank Limited, formerly known as the Amalgamated Banks of South Africa, is a commercial bank in South Africa and the flagship bank of Absa Group. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator.
Absa Bank Ghana Limited (ABGL), formerly known as Barclays Bank of Ghana Limited, is a commercial bank in Ghana, licensed by the Bank of Ghana, the country's central bank and national banking regulator. ABGL is a subsidiary of Absa Group Limited, a financial services conglomerate, headquartered in South Africa, with subsidiaries in 12 African countries and with assets in excess of US$87 billion as of 30 June 2017. Absa Group's shares trade on the Johannesburg Stock Exchange under the symbol ABG.
Botswana Insurance Holdings Limited is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies. BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991.