African Bank Limited
| Private | |
| Industry | Financial Services |
| Headquarters |
59 16th Road, Midrand Johannesburg, South Africa |
Key people | Leonidas Kirkinis, Managing Director and Chief Executive Officer |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Website | Homepage |
An African Bank branch in the Tudor Chambers on Church Square, Pretoria
African Bank Limited (ABL), commonly referred to as African Bank, is a commercial bank in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa.[1] The bank is a subsidiary of its holding company called African Bank Investments Limited (Abil). The bank's headquarters are located in Midrand, South Africa.[2]
With effect from 16:00 on 10 August 2014 African Bank has been placed under curatorship by the South African Reserve Bank.[3]
Recent news
In August 2013, African Bank Investments said it would sell its furniture unit and raise cash in a rights offer.[4]
See also
References
- ↑ List of Licensed Banks In South Africa
- ↑ Company Profile At BloombergBusinessweek.com
- ↑ "African Bank splits to isolate loans in Reserve Bank rescue". Mail & Guardian. 11 August 2014.
- ↑ South African bank Abil to sell retail arm, issue shares, International: Reuters, 2013
External links
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