Absa to ramp up IT spend by 2015

Johannesburg - Absa Group [JSE:ASA], which is majority owned by Barclays, plans to spend about R5bn by 2015 on improving its IT systems, Business Day newspaper reported on Friday.

Quoting the group's deputy chief executive Louis von Zeuner, the paper said the investment included upgrades to existing infrastructure and new IT projects.

A total of 12 million Absa customers use the bank's digital channels such as mobile and internet banking, the paper said.