Absa Says Diamond’s Understanding of Africa ‘Exciting’ for Absa
February 10, 2012, 9:50 AM ESTBy Renee Bonorchis
Feb. 10 (Bloomberg) -- Absa Group Ltd., the South African lender controlled by Barclays Plc, said Barclays Chief Executive Officer Bob Diamond sees the opportunities for growth in Africa and understands the lender has a “big platform” through its stake in Absa.
“For us that’s quite exciting,” Absa CEO Maria Ramos said in an interview in Johannesburg today. Barclays, as a shareholder, wants performance out of Absa and it’s a positive pressure, according to Absa’s Finance Director, David Hodnett.
To contact the editor responsible for this story: Renee Bonorchis at rbonorchis@bloomberg.net
