Absa’s greater determination to put its money where its mouth is in Africa, after its separation from Barclays, is well known. Even in South Africa, where many of its peers have struggled during the Covid crisis, it continued to grow its corporate loan book under corporate and investment banking chief executive Charles Russon in 2020. But Absa’s preeminence as an African financing house goes well beyond its ability to deploy its balance sheet – and way beyond South Africa.
July 14, 2021