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Barclays Bank is now Absa, and will rename accordingly ten subsidiaries in Africa including Ghana, Kenya, Botswana, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia. here June 2020.
Yesterday Johannesburg Securities Exchange under the new ABG action code, signaling the beginning of the separation of Barclays.
"We expect to introduce new products relevant to our market and environment, as our decisions will be more localized and we hope to be able to communicate in our local languages, which we could not do in the past", said Jeremy Awori, MD of the bank
He said the local lender would be more free to operate smoothly that was caused by being in a multinational and said the lender is eyeing new customers by providing solutions for SMEs, agribusiness and the mortgage market, which will be an opportunity to contribute to the achievement of the four major programs.
"Solutions such as mobile loan through our Timiza application have revolutionized the way we interact with our customers and we hope to increase these local products to effectively serve our customers," he said. five million customers across Africa by 2022, out of the current 700,000 by being a core player in the retail and enterprise market space. It leverages technology, machine learning, and artificial intelligence to deliver solutions to customers who increasingly use Internet platforms to interact and do business. The lender does not intend to restructure or reduce its human resources and continues to open traditional branches closer to its customers by opening branches at Two Rivera Mall, Garden City and Kitengela.
He said that controls such as capping bank opening hours are not relevant at the present time because customers are not required to queue up in banks. [19659010]
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