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Imperial Bank South Africa

From Wikipedia, the free encyclopedia
Commercial bank in South Africa

Imperial Bank South Africa
Company typePrivate
IndustryFinancial services
Founded1996
HeadquartersJohannesburg,South Africa
Key people
Hubert Brody,Chairman,
René Van Wyk,Managing Director andChief Executive Officer
ProductsLoans,Savings,Checking,Investments,Debit Cards,Credit Cards,Mortgages
ParentNedbank
Websitewww.imperialbank.co.za

Imperial Bank South Africa Limited, also referred to asImperial Bank South Africa (IBSA), but commonly known asImperial Bank, is acommercial bank in theRepublic of South Africa. It is licensed as a locally controlled financial institution by theReserve Bank of South Africa, the national banking regulator.[1]

History

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The bank was established in 1996 byImperial Holdings Limited. In 2001, theNedbank Group acquired 50.1% controlling interest in the bank. 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.[2][3]

Branch network

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As of November 2010[update], IBSA maintained headquarters at 24 Achter Road,Sandton,Rivonia,Johannesburg,South Africa. No other information is available about the branches of the bank.[4]

Governance

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TheChairman of the ten (10) personBoard of Directors, isHubert Brody, a non-Executive Director. TheManaging Director andChief Executive Officer isRené Van Wyk.[5]

External links

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See also

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References

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  1. ^List of Licensed Financial Institutions In South AfricaArchived 2009-05-24 at theWayback Machine
  2. ^"History of Imperial Bank South Africa". Archived fromthe original on 8 January 2011. Retrieved6 November 2010.
  3. ^"Business Report | IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za". Retrieved31 August 2017.
  4. ^"Branches of Imperial Bank South Africa". Archived fromthe original on 8 January 2011. Retrieved6 November 2010.
  5. ^"The Board of Directors of Imperial Bank South Africa". Archived fromthe original on 8 January 2011. Retrieved6 November 2010.
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