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Ramos defends 'deeply rooted' Barclays Africa

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CEO of Barclays Africa Group, Maria Ramos. (Photo: CNN)
CEO of Barclays Africa Group, Maria Ramos. (Photo: CNN)

Cape Town – By linking 12 banks together across the continent in 2013, Barclays Africa Group [JSE:BGA] put the future of the bank “firmly in our own hands”, CEO Maria Ramos said on Monday ahead of Barclays Group’s possible exit from the division.

Ramos, a former Treasury and Transnet leader, has built up the division that includes Absa across Africa to reach 12 million customers.

She was reacting to reports in the Financial Times that Barclays CEO Jes Staley is planning to announce on Tuesday that the “British bank has decided to exit its African operations in a bold move to refocus the bank on its core UK and US markets”.

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