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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]
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This is a list of commercial banks in Namibia, as updated in late 2024 by the Bank of Namibia. [1] ... Nedbank Namibia Limited, part of Nedbank Group;
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Banking in Namibia is regulated by the Namibia Financial Institutions Supervisory Authority (NamFISA), an organisation of government. [3] The Bank of Namibia functions as the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. The bank is located in the capital, Windhoek. The Bank of Namibia ...
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Shield: Tierced per bend sinister Azure, and Vert, a bend sinister Gules fimbriated Argent and in dexter chief a Sun with twelve straight rays Or charged with an annulet Azure (the design of the Flag of Namibia). Crest: Upon a traditional head-ring Vert charged with six lozenges conjoined Or, a fish eagle rising wings elevated and displayed proper.
Old Mutual also announced its Black Economic Empowerment deal in Namibia. [6] Patrick O'Sullivan became chairman of Old Mutual in 2010, succeeding Christopher Collins. [6] The same year HSBC backed away from its plan to acquire 70% of Nedbank, including Old Mutual's 53% share. [13] In 2011, Old Mutual sold US Life to Harbinger Group Inc. for ...