November 11, 2019 / 11:29 AM / a month ago

South Africa's Absa to open New York office by end of the year

JOHANNESBURG (Reuters) - South African lender Absa (ABGJ.J) said on Monday its representative office in New York should be operational by the end of the year, after it received the necessary regulatory approvals.

The office is aimed at enabling Absa to better serve clients, including international corporations and institutions, that invest or work in Africa. The bank has already opened a representative office in London and is looking at other locations, including in Asia.

Reporting by Emma Rumney; Editing by Alex Richardson

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