50 Years Facilitating Open Account - Trade Finance

Meet FCI new Associate Member in South Africa Absa Bank

Wednesday 31 October 2018

Absa Bank is a leading corporate and investment bank in and for Africa, with deep experience and data-driven insights and a thorough understanding of investment flows, market participants, sector trends and regulations wherever they operate. Their industry leaders work in key sectors to bring our clients’ possibilities to life, across a comprehensive suite of corporate and investment banking services.

Absa Bank also offer the market dynamic, specialised teams with years of experience and knowledge in the Trade Industry.  The bank has enjoyed a long term partnership with Prime Revenue, a global leader in financial technology solutions to offer supply chain finance solutions and is currently managing the largest supply chain finance program in sub Saharan Africa. They have further partnered with Codix to offer a receivables finance solution across South Africa. Their partnerships with global industry leaders have provided digital solutions for their clients and this has resulted in effective automation, efficiencies and improved operations for all.

As an African bank with a differentiated local proposition, they also offer global connectivity to their clients. They know the value of providing expertise where decision making happens, and they offer their clients seamless execution through a single point of contact. Their expansion into global markets is a key priority of their strategy, and puts Absa Corporate and Investment Banking where their clients need us to be. Most recently Absa Bank announced the official opening of the London office, trading as Absa Securities UK.

They are proud to be consistently recognised by industry leaders through numerous award wins. Some of their recent achievements include the African deal of the year award from Global Capital (2017), Best Investment Bank in East and Southern Africa by The Banker Africa and EMEA Finance (2017) as well as the best Securitisation House in Africa by EMEA Finance (2017).

 

About Absa

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42 000 employees.

The group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa (Absa Bank), Tanzania (Barclays Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. They have also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

The group is committed to finding local solutions to uniquely local challenges and everything they do is focussed on adding value. To this end they offer all their clients across the continent a range of retail, business, corporate and investment, and wealth management solutions as well as ensure a positive impact in all the countries where they operate.

They’re a truly African brand, inspired by the people they serve and determined to always be brave, passionate and ready so that they can make Africa proud.