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The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa . The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [5] [6] formed a bank in London ...
STANLIB's predecessor was incorporated in 1862 when the Standard Bank of British South Africa was founded in London. It became a South African bank in 1962. Life assurer Liberty Life was founded in 1957. The first unit trust was launched by Guardbank Management Corporation Ltd in 1970.
Access Bank South Africa is a subsidiary of Access Bank Group, a financial services conglomerate based in Nigeria, with subsidiaries in nine sub-Saharan countries, the United Kingdom and the United Arab Emirates. The group also maintains representative offices in China, India and Lebanon. The group's shares of stock are listed on the Nigerian ...
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 Act, 2017. Prudential Authority within SARB.
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The bank is a large financial services provider. As of December 2014, the bank's total assets were valued at ZAR:32,239,234,000. At that time, the shareholders' equity was ZAR:3,765,873,000. Branch network. In April 2016, the bank had branches at Johannesburg, Cape Town, and Durban. See also. List of banks in South Africa
The bank was founded in Republic of South Africa in 1965. It obtained a banking licence in 1989; and became a fully owned subsidiary of Mercantile Bank Holdings Limited, a bank holding company incorporated in January the same year. In 1995, the bank merged with Bank of Lisbon International (BLI) – a bank established in 1965.