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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. [8] In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. [9] [10]
Number of employees. 44,916 (2017) Website. www .firstrand .co .za. FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
The Natal Building Society (NBS) was established as a building society in 1882. [1] In 1998, NBS merged with Boland Bank to form NBS Boland. The Managing Director at that time was John Graham Maxwell. In 1999, NBS Boland merged with B.o.E. Holdings Limited. In 2002, B.o.E. Holdings Limited was merged with Nedcor. [2]
List of banks in Lesotho. This is a list of commercial banks in Lesotho [1] Standard Bank. Nedbank. First National Bank. Lesotho Post Bank.
First National Bank (FNB) First National Bank ( FNB; Afrikaans: Eerste Nasionale Bank (ENB)) is one of South Africa 's "big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange ...
M-PESA(Mfor mobile, PESAis Swahilifor money) is a mobile phone-based money transfer service, payments and micro-financingservice, launched in 2007 by Vodafoneand Safaricom, the largest mobile network operator in Kenya.[1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africaand Ethiopia.
RMB - Rand Merchant Bank. Grindrod Bank Limited. Imperial Bank South Africa. Investec Bank Limited. Ithala Bank. Mercantile Bank Limited. Nedbank Limited. Sasfin Bank Limited. Standard Bank of South Africa.
In 2001, the Nedbank Group acquired 50.1% controlling interest in the bank. Imperial Holdings retained 49.9% shareholding. Imperial Holdings retained 49.9% shareholding. In August 2009, the Nedbank Group acquired the 49.9% that it already did not own, thereby becoming the sole owner of the bank.