Imperial Bank South Africa
| Private | |
| Industry | Financial Services |
| Founded | 1996 |
| Headquarters | Johannesburg, South Africa |
Key people |
Hubert Brody, Chairman, René Van Wyk, Managing Director and Chief Executive Officer |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Website | Homepage |
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 51.1% 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]
Ownership
The stock of Imperial Bank South Africa is 100% owned by the Nedbank Group. They acquired the remaining 49.9% shareholding from Imperial Holdings Limited in August 2009, for approximately US$226 million in stock and cash.[3]
Branch network
As of November 2010, IBSA maintains 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
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