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The Nedcor Group was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. [7] In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. [8] [9]
With more than 1,500 branches in 35 countries, the Ecobank-Nedbank Alliance is the largest banking network in Africa. The alliance was formed in 2008 between the Ecobank Group and the Nedbank Group, one of South Africa 's four largest financial services providers, with a growing footprint of operations across the Southern African Development ...
Nedbank Zimbabwe Limited, also Nedbank Zimbabwe, is a commercial bank in Zimbabwe. It is licensed by the Reserve Bank of Zimbabwe , the central bank and national banking regulator. [ 2 ] The bank was previously known as MBCA Bank, prior to rebranding to its present name.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Digital banking opens up more competitive rates and fewer fees than your neighborhood brick-and-mortar bank, and robust apps make it easy to keep an eye on your balance, manage money among ...
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FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank, the national banking regulator. [8] As of May 2012 [update] , the group had total assets valued at US$90.3+ billion (ZAR:698 billion) (2011) [ 9 ] with subsidiaries in seven sub-Saharan countries and in Australia and India .
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