The Nelson Mandela Bay Metro has appointed Absa Capital, the corporate and investment banking division of Absa Bank Ltd, as its primary banker in a show of confidence in the bank’s ability to deliver added value and innovative services.
In making the appointment, the Nelson Mandela Bay Metro, which had been banked by the same institution for over a century, now joins an already impressive list of clients which includes various levels of government, including provincial and metropolitan structures.
“Winning this tender gives us an opportunity to strengthen our partnership with various key local, provincial and national government structures,” said Temi Ofong, head of Corporate Banking at Absa Capital. “Further, it reflects the collaborative approach adopted by Absa in providing solutions that meet clients’ needs.”
Absa Capital will provide transactional banking services to the Nelson Mandela Bay Metro.
Note to the editor:
About Absa Capital
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays, is a leading South African corporate and investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.
+27 11 214 2410
+27 82 775 4810
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