Nedbank
The Nedbank Group is a financial services company in South Africa that offers wealth management, insurance, and wholesale and retail banking services. It is a wholly-owned subsidiary of the Nedbank Group with its headquarters in Johannesburg, South Africa.
Bank of the Netherlands and Credit Union for South Africa was established in 1888 in Amsterdam under the name Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika. The bank established an agent in August of that year on Church Street, Pretoria, South Africa, with the aim of facilitating banking inside and outside South Africa. In 1903, the bank was renamed Bank Nederlandsche voor Zuid-Afrika (Dutch Bank for South Africa) and then adopted the name Nedbank in 1971.
The largest market for Nedbank is South Africa. Additionally, the company also operates in six other SADC nations through branches and subsidiaries in Eswatini, Lesotho, Malawi, Mozambique, Namibia, and Zimbabwe, as well as Angola and Kenya. Outside of Africa, Nedbank offers international financial services in the United Kingdom, the United Arab Emirates, Jersey, Guernsey, Isle of Man, and Jersey.
Nedbank operates through five business segments including Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Central, and Fellow Subsidiaries. Regarding Nedbank's Corporate and Investment Banking segment, it offers a wide range of transactional, corporate, investment banking, and marketplace solutions. Additionally, transaction accounts, house loans, auto and property loans, cards, personal loans, investments, and banking assurance products and services are provided by the Retail and Business Banking division of Nedbank. Moreover, while the Central segment covers numerous support services, the Nedbank Wealth section provides a wide variety of financial services through its three divisions of insurance, wealth management, and wealth management.
Industry: Banking
Founded: 1 March 1888
Headquarters: Sandton, South Africa
Website: https://personal.nedbank.co.za/
