The Nelson Mandela Bay Metro has appointed Absa Capital, the corporate and investment banking division of Absa Bank Ltd, as its primary banker in a show of confidence in the bank’s ability to deliver added value and innovative services.
In making the appointment, the Nelson Mandela Bay Metro, which had been banked by the same institution for over a century, now joins an already impressive list of clients which includes various levels of government, including provincial and metropolitan structures.
“Winning this tender gives us an opportunity to strengthen our partnership with various key local, provincial and national government structures,” said Temi Ofong, head of Corporate Banking at Absa Capital. “Further, it reflects the collaborative approach adopted by Absa in providing solutions that meet clients’ needs.”
Absa Capital will provide transactional banking services to the Nelson Mandela Bay Metro.