Absa Bank Tanzania Limited (Barclays) – History, Location, Name Change and More

Absa Bank Tanzania Limited (ABT), originally Barclays Bank Tanzania Limited, is a Tanzanian commercial bank and a part of Absa Group Limited, based in South Africa. The Bank of Tanzania, Tanzania’s central bank and national regulator licenses ABT.

Basic Information – Absa Bank Contact Details

Absa bank address: Absa House Ohio Street PO Box 5137. Dar es Salaam

Absa bank limited address: 7th Floor of Absa Towers West, 15 Troye Street, Johannesburg, South Africa

Absa bank branch code: 334220

Absa bank contact number: +255 (0) 746 882 000

Absa bank international contact number: +255 743 254 244

Absa bank email address: talktous@Absa.co.tz

Absa bank full name: Amalgamated Banks of South Africa Limited

Absa bank head office: Johannesburg, South Africa

Absa bank iban number: South African banks do NOT use IBAN

Absa bank limited swift code: ABSAZAJJ

Absa bank logo [/caption]

Absa Bank Tanzania Limited Location

Absa Bank Tanzania Limited has its main branch and headquarters at Barclays House, which is located on Dar es Salaam’s Ohio Street. The headquarters of the bank are located at coordinates 39°17’12.0″E 06°48’40.0″ S (Longitude: 39.286667; Latitude: -6.811111).

Absa Bank Tanzania Overview

Absa Bank Tanzania Limited is an established provider of financial services that serve large organizations, small sized-to-medium-sized businesses, as well as individuals. Its entire asset value was approximated at over $382 million in March 2013. (634.34 billion TZS). BBT had about 87,000 customers, 42 ATMs, and 24 branches as of 2013 December.

History of Absa Bank LTD Tanzania

Absa Bank Tanzania Limited was founded in 1925. It was then nationalized in 1967 and transformed into the country’s largest bank by assets, the National Bank of Commerce. Barclays Bank Public Company re-entered Tanzania after the economy was liberalized in the ‘90s, restarting operations in 2000.

Barclays Bank Public Company was awaiting regulatory approval in March 2016 to merge the bank with Tanzania’s National Bank of Commerce, where Barclays owns a 55 per cent stake.

Change of Name

United Kingdom’s Barclays Plc owned 62.3% of Barclays Africa Group (abbr. BAG) in 2016. In February 2016, Barclays chose to decrease its ownership in BAG, which was valued at 3.5 billion pounds at the time. Barclays downsized its stake in BAG to only 14.9 % in December of 2017.

BAG was renamed Absa Group Limited in 2018. Absa has to rename its branches in twelve African nations before 2020 June as per the terms of the rebrand.

The rebranding was completed in Tanzania on February 11, 2020. Both the legal and commercial names of the bank were changed to Absa Bank Tanzania Limited.

Absa Bank Branches

The Absa Bank Tanzania Limited has 24 branches as of 2014 November, located in the following areas:

Absa Bank in Kenya

Absa Bank Kenya, formerly known as Barclays Bank of Kenya, is a leading financial institution in Kenya. The bank has a rich history dating back to 1916 when it was first established as Barclays Bank. In 2020, the bank underwent a rebranding process and changed its name to Absa Bank Kenya, aligning with the global Absa brand.

Absa Bank Barclays

Absa Bank and Barclays have a historical relationship that dates back to 1925 when Barclays Bank (now Barclays PLC) acquired a majority stake in the South African-based United Bank of South Africa (UBSA). Over the years, Barclays expanded its presence in Africa through its subsidiary, Barclays Africa Group Limited (BAGL).

Absa Online Banking

Absa Bank’s online banking platform, known as Absa Online, offers a convenient and secure way for customers to manage their finances remotely. 

Here are some key features and services you can expect from Absa Bank online:

• Account management
• Absa bank access number
• Absa bank account number
• Absa internet banking login
• Fund transfers
• Bill payments
• Alerts and notifications
• And more!

Absa Bank Account Opening

To open Absa bank accounts, you will need to follow a few steps. The process may vary slightly depending on the country in which you are opening the account, so it’s always best to check the specific requirements and procedures for your location. Here is a general overview of the account opening process:

1. Choose the Account Type
2. Gather the Required Documents
3. Visit a Branch or Apply Online
4. Complete the Application Form
5. Submit the Required Documents
6. Initial Deposit
7. Verification and Account Activation

Important Links for Absa Internet Banking

• Internet banking Absa logon
• Logon Absa internet banking
• Absa bank customer service
• Absa bank internet banking
• Absa bank loan calculator
• Absa bank locator
• Absa bank login
• Absa bank cards
• Absa bank credit card

More Resources

• Absa bank atm
• Absa bank locations
• Absa bank address for international transfers
• Absa bank charges
• Absa bank contact
• Absa bank code
• Absa bank exchange rates
• Absa bank fixed deposit interest rates
• Absa bank interest rates
• Absa bank international transfer
• Absa bank investments
• Absa bank loans
• Absa bank careers and Absa bank jobs
• Absa bank ceo

For more articles related to Financial Services in Tanzania, click here!