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Absa Bank Kenya PLC has launched the official Absa ticker at the Nairobi Securities Exchange, signalling the successful conclusion of the brand transition programme from Barclays Bank.

The change of name follows a 2018 decision by the parent company – Barclays Plc o reduce its majority shareholding in Barclays Africa Group to 14.9 per cent and the subsequent renaming of Barclays Africa Group to Absa Group Limited.

Speaking during the bell-ringing event at the NSE, Absa Bank Kenya chairman Charles Muchene reassured minority shareholders that the shareholding structure will not be affected in any way even with the change of name.

“I would like to assure all our shareholders that their investment in our business is sound and they can look forward to even better returns as we continue to execute our strategy,” he said.

The event was also graced by the Absa Group Chief Executive Officer Daniel Mminele as well as the Group’s Deputy CEO Peter Matlare and various representatives from the NSE, the Capital Markets Authority, the Central Depository and Settlement Corporation and a host of other capital markets stakeholders.