| Company type | Subsidiary of Access Bank Group |
|---|---|
| Industry | Financial services |
| Founded | 1947 |
| Headquarters | Johannesburg, South Africa |
Key people | Sugendhree Reddy Managing Director and CEO [1] |
| Products | Loans, checking, savings, investments, debit cards |
| Website | Homepage |
Access Bank South Africa, formerly known as Grobank Limited, and Bank of Athens (South Africa) before that, is a commercial bank in South Africa. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator. The bank began commercial operations in June 2021, following the acquisition of a retail commercial banking license. [1] [2]
The bank's headquarters are located at Building Number 3, Inanda Greens Business Park, 54 Wierda Road West, Wierda Valley, Sandton, South Africa. [3] The geographic coordinates of the bank's headquarters are: 26°06'49.0"S, 28°03'35.0"E (Latitude:-26.113611; Longitude:28.059722). [4]
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 Stock Exchange under the symbol ACCESS. As of 31 December 2021, Access Bank Group had total assets in excess of US$28 billion. [5]
Bank of Athens (South Africa) started operations in 1947. In October 2018, Grobank Limited concluded the acquisition of 99.81 percent shareholding in Bank of Athens (South Africa). The bank rebranded to Grobank Limited and focused its activities to lending to the agricultural sector. [6] [7]
In March 2021, Access Bank Group paid an estimated US$60 million to acquire a controlling interest in Grobank Limited. Access Bank went further and obtained regulatory approval to rebrand Grobank to Access Bank South Africa and to convert to a retail commercial bank. It opened to customers under those new terms in June 2021. [2] [7] [8]
Sandton is a financial, commercial and residential area, located in the northern part of the City of Johannesburg Metropolitan Municipality. Formerly an independent municipality, Sandton's name came from the combination of two of its suburbs, Sandown and Bryanston.
Midrand is a town in central Gauteng, South Africa. It is situated in-between Centurion and Sandton. Formerly an independent municipality, Midrand now forms part of the City of Johannesburg Metropolitan Municipality.
Sandton City is a large shopping centre situated in Sandton, Johannesburg, South Africa. It was built and owned by property development company Rapp and Maister, in partnership with brothers Hilliard and Eli Leibowitz, and was later taken over by Liberty Life.
Rosebank is a cosmopolitan commercial and residential suburb to the north of central Johannesburg, South Africa. It is located in Region B of the City of Johannesburg Metropolitan Municipality, and is the location of a Gautrain station.
The suburbs of Johannesburg are officially demarcated areas within the City of Johannesburg Metropolitan Municipality, South Africa. As in other Commonwealth countries, the term suburb refers to a "neighbourhood", although in South Africa most "suburbs" have legally recognised borders and often separate postal codes. The municipal functions for the area, such as municipal policing and social services, are still managed by the city government.
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 regarded as the hub of upstart and established I.T. companies. The main retail thoroughfare in the area, Rivonia Boulevard, is the location of several shopping complexes as well as many other shops and restaurants. The area known as Rivonia includes the original township of Edenburg, Edenburg Extension 1, and 19 smaller extensions designated 'Rivonia Extension ...', numbered from 0 to 25. There is no designated township called Rivonia. The post code for Rivonia is 2128.
First Bank of Nigeria is a multinational bank and financial services company in Lagos, Nigeria. First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator.
Access Bank Group is a financial services conglomerate, headquartered in Nigeria, with subsidiaries in the Democratic Republic of the Congo, Ghana, Kenya, Nigeria, Rwanda, The Gambia, Guinea, Cameroon, Sierra Leone, Mozambique, Botswana, South Africa, Zambia, France and the United Kingdom. The group also maintains representative offices in China, India, Lebanon and United Arab Emirates.
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.
Grindrod Bank (GRDB) is a commercial bank in South Africa. It is licensed as a "locally-controlled financial institution" by the South African Reserve Bank, the national banking regulator.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
Access Bank Zambia, whose full name is Access Bank Zambia Limited, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.
Johannesburg is the capital of the Gauteng province and the financial hub of South Africa. Founded in 1886, the city is located in the Witwatersrand region, which has vast gold deposits. The town experienced rapid growth as the gold deposits were exploited, and is now South Africa's largest urban centre. As a result, the Johannesburg area has a wide variety of architecture, from early Art Nouveau to Postmodern buildings. Hillbrow, for example, contains many buildings constructed since the 1950s, including the Hillbrow Tower.
Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.
RMH, previously known as Rand Merchant Bank Holdings, is a South African diversified financial services holding company.
African Alliance Investment Bank (AAIB) is "an investment banking group" operating in Africa.
Access Bank Ghana Plc, formerly Access Bank Ghana Limited, is a full service commercial bank in Ghana, licensed by the Bank of Ghana, the central bank and national banking regulator.
Absa Bank Limited, formerly known as the Amalgamated Banks of South Africa, is a commercial bank in South Africa and the flagship bank of Absa Group. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator.
Companies based in Greater Johannesburg | |||
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| Diversified conglomerates | |||
| Airlines |
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| Construction and engineering | |||
| Energy | |||
| Financial |
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| Hospitality | |||
| ICT | |||
| Legal | |||
| Manufacturing |
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| Media | |||
| Mining | |||
| Retail and marketing | |||
| Restaurant franchises | |||
| Services |
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| Transport | |||
| State-owned enterprises | |||
