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by | Mar 12, 2018 | Iris

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

History

The bank was established in 1996 by Imperial Holdings Limited. In 2001, the Nedbank 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

As of November 2010, 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

The Chairman of the ten (10) person Board of Directors, is Hubert Brody, a non-Executive Director. The Managing Director and Chief Executive Officer is René Van Wyk.[5]

External links

See also

References

  1. ^ List of Licensed Financial Institutions In South Africa Archived 2009-05-24 at the Wayback Machine
  2. ^ "History of Imperial Bank South Africa". Archived from the original on 8 January 2011. Retrieved 6 November 2010.
  3. ^ "Business Report | IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za". Retrieved 31 August 2017.
  4. ^ "Branches of Imperial Bank South Africa". Archived from the original on 8 January 2011. Retrieved 6 November 2010.
  5. ^ "The Board of Directors of Imperial Bank South Africa". Archived from the original on 8 January 2011. Retrieved 6 November 2010.
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