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Absa, majority-owned by Barclays, has been named Best Consumer Internet Bank 2010 by Global Finance magazine.

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The accolade reflects the results of an annual survey in which banks were assessed on criteria such as the strength of their strategy for attracting and servicing online customers, range of products available online, and website design and functionality.

Banks were also evaluated against the growth in the number of online customers, their success in getting customers to use web offerings, and evidence of tangible customer benefits gained from using internet services.

Absa has more than a million customers who use online banking on a regular basis.

In addition, more than two million customers have registered for Absa's mobile phone banking service.

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