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Imperial Bank South Africa

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

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]

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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