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Absa was formed when Allied, United and Volkskas banks merged in 1991 and was joined by Bankorp -including TrustBank and Bankfin - in 1992 to form Amalgamated Banks of South Africa (ABSA). For the first seven years the four commercial banks in the Absa Group traded under their original names. Due to the fact that the customers and staff got used to and accepted the existence of Absa, the decision was taken to merge the four banks into one commercial bank, Absa Bank.


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