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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
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]
45.4 Branches of foreign banks. 45.5 Other banks. 46 Sudan. ... First National Bank (South Africa) Nedbank; Standard Bank; Swazi Bank [97] Tanzania. Central bank.
The last remaining cinema had closed in the 80s. Northmead Square is a community centre that services people within a 5 km radius, though because it has regional branches of three of South Africa's banks (FNB, Nedbank and Standard Bank) members of the public do come from greater distances. Family-run and maintained by the Coutsides family ...
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.
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.
In South Africa, the "big four" in order of value of assets are: [58] FirstRand Bank, operators of First National Bank. Standard Bank; Absa Group Limited, majority owned by Barclays between 2005 and early 2018; Nedbank, minority-owned by Old Mutual.
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.