Natal Building Society

Last updated
NBS
TypePublic
Industry Banking
Founded1882 (1882)
Defunct2004 (2004)
Successor Nedbank
Headquarters Durban, South Africa
Area served
South Africa
Products Financial services
Website www.nedbank.co.za

NBS (previously known as Natal Building Society) was one of the largest Independent banks in South Africa before it went through a series of mergers starting in 1998 to become part of Nedbank by 2004. It was headquartered in Durban.

Contents

History

The Natal Building Society (NBS) was established as a building society in 1882. [1]

In 1998, NBS merged with Boland Bank to form NBS Boland. The Managing Director at that time was John Graham Maxwell. In 1999, NBS Boland merged with B.o.E. Holdings Limited. In 2002, B.o.E. Holdings Limited was merged with Nedcor. [2]

In 2002, The NBS, Cashbank and PEP Bank divisions of BoE were incorporated into Peoples Bank, the subsidiary of Nedbank. and was fully integrated by 2004.

See also

Related Research Articles

NBS may refer to:

<span class="mw-page-title-main">Nedbank</span> Financial services group in South Africa

Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group.

Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.

<span class="mw-page-title-main">University of Natal</span> University in South Africa

The University of Natal was a university in the former South African province Natal which later became KwaZulu-Natal. The University of Natal no longer exists as a distinct legal entity, as it was incorporated into the University of KwaZulu-Natal on 1 January 2004. It was founded in 1910 as the Natal University College in Pietermaritzburg and expanded to include a campus in Durban in 1931. In 1947, the university opened a medical school for non-white students in Durban. The Pietermaritzburg campus was known for its agricultural engineering programmes, hence the nickname "the farmers" whilst the Durban campus was known as "the engineers," as it concentrated on other engineering programmes.

The CSAOne-Day Cup is the premier domestic one-day cricket competition of South Africa, its matches having List A status. Matches are usually played partly under lights as day-night matches and occasionally get larger crowds than the Test matches.

<span class="mw-page-title-main">Clover (dairy)</span>

Clover Industries Limited is a branded foods and beverages group that used to be listed on the main board of the Johannesburg Stock Exchange. The company was delisted after a takeover by Milco, led by the Central Bottling Company from Israel.

<span class="mw-page-title-main">First National Bank (South Africa)</span> Commercial bank in South Africa

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.

Boland is a first-class cricket team that nominally represents the Boland region, in the South African province of Western Cape, in the CSA Provincial Competitions. The team is selected and supported by the Boland Cricket Board (BCB) and plays its home games at Boland Park in Paarl. At organisational level, the BCB is responsible for the administration and development of cricket in the region and among its primary functions are management and promotion of the Boland team. The current BCB was founded in 1992 as a merger between the Boland Cricket Union and an earlier Boland Cricket Board.

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.

<span class="mw-page-title-main">STANLIB</span> Financial services provider

STANLIB is a South African asset manager based in Melrose Arch, Johannesburg which is a wholly owned subsidiary of JSE-listed Liberty Holdings Limited. STANLIB operates in nine African countries, and in key developed markets globally. The company was formed in 2002 when Liberty Asset Management (LIBAM) and Standard Corporate and Merchant Bank Asset Management merged. Both of these companies at the time were subsidiaries of Liberty Holdings and Standard Bank respectively. It is the biggest unit trust company by market share, managing capital for over 400,000 clients. It runs the oldest existing unit trust in South Africa which was developed by Liberty. STANLIB manages and administers R608 billion assets for more than 500,000 retail and institutional clients.

NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is licensed as a commercial bank, by the Reserve Bank of Malawi, central bank and national banking regulator.

<span class="mw-page-title-main">Imperial Bank South Africa</span>

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.

<span class="mw-page-title-main">FirstRand</span>

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.

Nedbank Zimbabwe Limited, also Nedbank Zimbabwe, is a commercial bank in Zimbabwe. It is licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator. The bank was previously known as MBCA Bank, prior to rebranding to its present name.

ZB Bank Limited (ZBBL), also known as ZB Bank but commonly referred to as Zimbank, is a commercial bank in Zimbabwe. It is licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.

Mercantile Bank Limited is a South African commercial bank, founded in 1965. It was previously called Bank of Lisbon International. The bank is headquartered in Sandton, South Africa, and provides products and services in retail banking, corporate finance, asset management, equity brokerage and security.

The 1989 Santam Bank Trophy Division A was the third tier of domestic South African rugby, below the two Currie Cup divisions.

The 1989 Santam Bank Trophy Division B was the fourth tier of domestic South African rugby, below the two Currie Cup divisions and Division A.

Norman Musgrave Easton (1902-1966) was a South African architect, born on October 11, 1902 in Pretoria, who is best known for his design of banks and houses. He died in a car crash on July 19, 1966 in Pretoria.

References

  1. "Our History". Nedbank. Retrieved November 4, 2017.
  2. "South Africa: Last Post for SA's Building Societies". AllAfrica. April 26, 2002.