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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 ...
In 1999, NBS Boland merged with B.o.E. Holdings Limited. In 2002, B.o.E. Holdings Limited was merged with Nedcor. [2] In 2002, The NBS, Cashbank and PEP Bank divisions of BoE were incorporated into Peoples Bank, the subsidiary of Nedbank. and was fully integrated by 2004.
Jason Quinn (born circa 1975) is the chief executive officer (CEO) designate of Nedbank Group. He previously was CEO in acting capacity, of Absa Group Limited, a financial services conglomerate, with headquarters in Johannesburg, South Africa, and subsidiaries in eleven sub-Saharan countries.
The Old Netherlands Bank building (Afrikaans: Ou Nederlandse Bankgebou, Dutch: Oude Nederlandsche Bankgebouw) is a building on Church Square in the South African administrative capital of Pretoria. The building carries the name of the former Nederlandsche Bank voor Suid-Afrika (now Nedbank ) and is one of the protected buildings on the western ...
BoE Stockbrokers is an authorised financial services provider, [1] and a member of the Nedbank Group. As a South African stockbroking company, BoE Stockbrokers (Pty) Ltd offers services from personal investment advice and investment management to extensive E-commerce facilities, focussing specifically on high-net-worth and affluent individuals, trusts and small institutional clients.
Bidvest Bank, (BVBL), is a business bank in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa , the national banking regulator. [ 1 ] It is a niche bank specialising in foreign exchange and providing retail banking , vehicle financing and insurance.
The company was later first to launch Uncapped ADSL in South Africa, in 2010, [9] and brought the global Fon WiFi network [10] [11] [12] to South Africa in 2014. Also in 2014, Mweb launched its first fiber-to-the-home packages. [13] In 2015, the company was restructured to focus mainly on the residential and small business market.