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Tag Archives: ABSA

Barclays bank meets GH¢400m minimum capital

BARCLAYS

Barclays Bank Ghana Limited has stated that it has met the 400 million cedis minimum capital requirement. The Board Chairman of Barclays Bank Ghana, Charles Cofie disclosed this in a statement on Absa Group’s first half results for this year [2018]. According to him, Barclays was among the first banks to meet the target without external capital injection. “Barclays Bank ...

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Absa Group’s income hits $2.3bn

Maria Ramos new

Absa Group has announced that its income increased by three percent for the first six months of this year (2018). The group’s revenue increased to 37 billion Rand or 2.8 billion dollars between January and June 2018. A statement on the bank’s financial position to Citi Business News also said that major earnings for the bank increased by the same ...

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Barclays bank shareholders approve name change to ABSA

Barclays-Bank

Shareholders of Barclays Africa Group Limited have approved that the bank changes its name to Absa Group. Today’s approval is expected to set in motion, the start of one of the largest re-brand projects in Africa. A statement from Barclays Bank to Citi Business News on the matter said that the name change is expected to take effect in July ...

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Patience Akyianu resigns as MD of Barclays bank

Patience Akyianu

Managing Director of Barclays Bank, Patience Akyianu has resigned. She is however expected to remain as the MD until September 30, 2018. The decision for Mrs Akyianu to move on, comes after spending a decade with Barclays bank. A statement from the bank confirming the decision said, ‘after five years of leading Barclays Bank Ghana as Managing Director, Mrs Patience ...

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BoG to reduce policy rate in mid 2018 – ABSA Capital

Dr. Ernest Addison - BoG Governor

Some analysts have suggested that the Monetary Policy Committee (MPC) of the Bank of Ghana could keep its rate at least until May this year – 2018. According to the Africa strategist at Absa Capital, Ridle Markus, the decision to maintain the rate runs contrary to their expectation for a 100 basis points cut. The Governor of the Bank of ...

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