Barclays Officially Starts Trading as Absa
Barclays Bank of Kenya has legally and officially begun trading as Absa Bank Kenya PLC. The change will also see the lender’s stock trade as Absa at the Nairobi Securities Exchange (NSE) after receiving all the relevant regulatory approvals.
This is happening as the lender nears the end of its transition and rebranding process. In a statement sent out to stockbrokers, Central Depository and Settlement Corporation (CDSC) instructed brokers to fast-track settlement of Thursday’s trade, often known as trade acceleration.