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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]
www.nedbank.co.za NBS (previously known as Natal Building Society ) was one of the largest Independent banks in South Africa before it went through a series of mergers starting in 1998 to become part of Nedbank by 2004.
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 ...
HSBC is aiming to expand its emerging market business, including its existing presence in South Africa. In the first six months of the year, HSBC posted pre-tax profits of $11.1 billion.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
On March 23, 1888, the Nederlandsche Bank en Credietvereniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa") was founded in Amsterdam. The same year, a primary branch office was established in Pretoria, the capital of the then South African Republic (ZAR). By 1898, the bank had already opened four branches in the Republic.
South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation. The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country. [1] [2] Its economy is the largest in Africa ...
Naidoo began his career at Deloitte in 1977. [3] He became a partner in 1983. [3] He was the chief executive officer of Deloitte Southern Africa from 1998 to 2006. [2]Naidoo succeeded Reuel Khoza as the chairman of Nedbank in May 2015. [4]