Imperial Bank South Africa
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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 A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...
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.


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.


Branch network

, IBSA maintained headquarters at 24 Achter Road,
Sandton Sandton is an upscale commercial and residential district north of the city of Johannesburg, South Africa. It forms part of the City of Johannesburg Metropolitan Municipality. The name of the city came from the combination of two of its suburbs ...
,
Rivonia Rivonia is a suburb of Johannesburg, South Africa in the Sandton area. It is located in Region E of the City of Johannesburg Metropolitan Municipality. Rivonia is one of the most affluent residential and business suburbs of Johannesburg, and re ...
,
Johannesburg Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Dem ...
,
South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
. No other information is available about the branches of the bank.


Governance

The Chairman of the ten (10) person Board of Directors, is Hubert Brody, a non-Executive Director. The
Managing Director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
and
Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
is René Van Wyk.


External links


Website of Imperial Bank South Africa

Website of Reserve Bank of South Africa


See also

*
List of banks in South Africa This is a list of commercial banks in South Africa Banks Locally controlled banks * Absa Group Limited * African Bank Limited * Bidvest Bank Limited * Capitec Bank Limited * Discovery Limited * First National Bank * FirstRand Bank - A subsi ...
*
South African Reserve Bank The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial condit ...
*
Economy of South Africa The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa ...
*
Banking in South Africa Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. Legislation and regulatory authorities * Banks Act, 1990. * Financial Sector Regulation ...
* Nedbank Group


References

{{Witwatersrand companies Banks of South Africa Financial services companies of South Africa Companies based in Sandton Banks established in 1996