Absa was founded in 1991 via the merging of 4 financial service providers including:
- United Bank
- Allied Bank
- Volkskas Bank
- Trust Bank
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This unionship was called the Amalgamated Banks Of South Africa.
For 7 years, each of these banks operated under their own name until 1998, when they were fused into one single financial service provider, and the name was abbreviated to Absa.
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