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A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behaviour and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Australia, Belgium, Brazil, Canada, China, France, Hong Kong, India, Ireland, Hungary, Italy, Japan, Pakistan, Singapore, Spain, Sweden, the United Kingdom, and the United States.
First National Bank is one of South Africa's "big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index.
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Volkskas Beperk was a South African bank founded in 1934 as a cooperative loan bank, becoming a commercial bank in 1941. In 1991, by which time it had become South Africa's largest Afrikaner bank, Volkskas merged with United Building Society, Allied Building Society and Trust Bank to form Amalgamated Banks of South Africa.
References
- ↑ "South African Registered Banks and Representative Offices - South African Reserve Bank". www.resbank.co.za. Archived from the original on 17 August 2017. Retrieved 31 August 2017.
- ↑ "Registered Co-operative Banks - South African Reserve Bank" (PDF). www.resbank.co.za. Retrieved 15 April 2023.
- ↑ Edward West (15 June 2021). "Access Bank officially launches its operations in South Africa". Independent Online (South Africa) . Cape Town, South Africa. Retrieved 13 May 2022.
