Imperial Bank South Africa

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Imperial Bank South Africa
Private
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
WebsiteHomepage

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[edit]

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[edit]

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[edit]

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[edit]

See also[edit]

References[edit]

  1. ^ List of Licensed Financial Institutions In South Africa Archived 2009-05-24 at the Wayback Machine.
  2. ^ History of Imperial Bank South Africa
  3. ^ "Business Report | IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za". Retrieved 2017-08-31.
  4. ^ Branches of Imperial Bank South Africa
  5. ^ The Board of Directors of Imperial Bank South Africa