Absa Bank
| Absa Bank Limited
|
|
|---|---|
 |
|
| legal form | Limited |
| founding | 1991 |
| Seat | Johannesburg , South Africa |
| management | Maria Ramos |
| Number of employees | 36,920 |
| Branch | Banking |
| Website | www.absa.co.za |
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The Absa Bank Limited as a wholly owned subsidiary of Absa Group is the largest commercial bank in South Africa .
International business
On May 2, 2008, Absa was the first foreign bank to be approved by the Bank of Namibia under the name Absa Bank Namibia . Due to the global economic crisis, however, the start of business was repeatedly postponed. On November 10th, 2009 the first branch opened in Windhoek . This initially works exclusively for major customers; the establishment of a branch network and the expansion of services to private customers is planned for the long term, but was rejected by the Bank of Namibia in early July 2010.