Absa has chalked up two prestigious awards in the emeafinance African Banking Achievement Awards which were announced last week.
For the second year running, Absa was named as the ‘Best Local Bank’ in South Africa by emeafinance. In addition, the Group’s investment banking division, Absa Capital, was also named among the winners. Its local Debt Capital Markets (DCM) team was recognised as ‘Best Debt House’.
“We are delighted to have received these two awards. Absa constantly innovates and tailors solutions that are aligned to the rapidly evolving needs and requirements of our customers. Our success in this regard has contributed to the Group being recognised as the Best Local Bank in the country by emeafinance magazine,” said Maria Ramos, Absa’s Group Chief Executive.
Absa Capital’s DCM team’s latest award follows hot on the heels of their recent success in the Bloomberg 2010 Underwriter Rankings league table. Here the team was also ranked as being tops within the local debt markets environment.
"The DCM team has had an incredibly successful year, winning several mandates and acting as sole lead arranger in the majority of issuances they have arranged,” stated Ramos.
She added: “This is further confirmation of the value derived from bringing together the local and global expertise of Absa Capital and Barclays Capital, for the benefit of African Corporates,”
Several other banks within the Barclays Group were also recognised by emeafinance. These include Barclays Bank of Botswana, Barclays Bank Seychelles and Barclays Bank Zambia which all received Best Bank Awards while Barclays Bank of Ghana, Barclays Bank Kenya and Barclays Bank Mauritius won Best Foreign Bank awards in their respective countries.
The emeafinance African Banking Achievement Awards recognise the progress and success of Africa’s leading banks and will be presented in London on 8 December 2010. Presented annually, these awards are currently in their third year. End. Issued by:
Head: Absa Group Media
Group Marketing and Communications
Tel.: (011) 350-0838
Cell: 079 895 7303
Email: email@example.comAbout Absa
The Absa Group Limited (Absa), headquartered in Johannesburg and listed on the Johannesburg Stock Exchange (JSE), is one of South Africa’s largest financial services groups, offering a comprehensive range of banking, assurance and wealth management products and services. Absa’s business is conducted primarily in South Africa.
In addition to this, the Group has equity holdings in banks in Mozambique and Tanzania.
At 30 June 2010, Absa Group had 718.2 million shares issued and a market capitalisation of R87.3 billion.
At 30 June 2010, Absa had assets of R718.2 billion, 1,043 points of presence, 11,5 million customers, 8,885 ATMs and 36,365 permanent employees.
Absa is a subsidiary of Barclays Bank plc, which holds a stake of 55,5% in the Group. Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.
For more information, please visit the Absa website: www.absa.co.za