 | |
| Company type | Subsidiary of Absa Group Limited |
|---|---|
| Industry | Financial services |
| Headquarters | Rani Towers Maputo, Mozambique |
Key people | Victor Gomes Chairman [1] Pedro Carvalho Managing Director [2] |
| Products | Loans, checking, savings, investments, debit cards |
| Website | Homepage |
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. [3]
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. [4]
The bank's headquarters is at Rani Towers, in the central business district of Maputo, the capital and largest city in Mozambique. [1] As of February 2020 [update] , the bank maintained branches in multiple locations across the country. [5]
In 2016, Barclays Bank Plc, which owned 62.3 percent of Barclays Africa Group (BAG), the then parent company of Barclays Bank of Mozambique, decided to divest its majority shareholding in BAG, worth £3.5 billion at that time. [6] In 2017 Barclays reduced its shareholding in BAG to 14.9 percent. [4] [7]
Following those events, BAG re-branded to Absa Group Limited in 2018. Under the terms of that re-brand, Absa has until June 2020 to change the names of its subsidiaries in 12 African countries. [8]
Beginning in October 2019, Barclays Bank Mozambique began re-branding to Absa Bank Mozambique. [4] [9] The re-brand concluded on 11 November 2019, when both the bank's legal and business names became Absa Bank Mozambique. [10]
The bank is governed by a board of directors. The chair of the board is one of the non-executive directors. The current chairperson is Victor Gomes. [1] The managing director of the bank is Pedro Carvalho. [2]
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.
Banco de Poupança e Crédito (BPC) is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, it has the largest branch network in the country.
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the country's central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019.
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.
NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and 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.
Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
First Assurance Kenya Limited (FAKL), also First Assurance Company Limited, is an insurance company in Kenya. It is a member of Absa Group.
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.
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.
Nadine Byarugaba, is a Ugandan businesswoman, and management consultant. She is the current chairperson of the board of directors of Absa Bank Uganda Limited, effective 28 July 2020. Before that, from September 2019, she served on the same board, as chairperson in acting capacity, replacing Swithin Munyantwali, who was appointed non-executive director to the board of Absa Group Limited.
Mocuba Solar Power Station, is an operational 40 megawatt solar power plant in Mozambique. The public–private partnership project, sells the energy produced to the national electric utility, Electricidade de Moçambique (EDM), under a 25-year power purchase agreement.
Ressano Garcia Thermal Power Station is a 175 MW (235,000 hp) natural gas-fired thermal power plant located in the town of Ressano Garcia in the Maputo Province of Mozambique.
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