Imperial Bank South Africa: Purpose, Values, FAQ, Contact Details

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Imperial Bank South Africa Limited, also referred to as Imperial Bank South Africa, 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.

Purpose

The bank was established in 1996 by Imperial Holdings Limited. In 2001, the Nedbank Group acquired 50.1% controlling interest in the bank. Imperial Holdings retained 49.9% shareholding. The Group has subsidiaries in South Africa, the United Kingdom, the United States, China, Singapore, and Australia.

Values

  • Professionalism.
  • Excellence.
  • Integrity.

FAQ

Which Bank Is Known as Imperial Bank?

The Reserve Bank of India, which is the central bank of India, acquired a controlling interest in the Imperial Bank of India in 1955, which was renamed on 30 April 1955 to the State Bank of India.

When Did Imperial Bank Collapse?

The regulator shut down Imperial Bank in 2015 after a large-scale fraud running into billions of shillings came to light, with the lender’s management and third parties accused of siphoning cash out of the company.

Which Is the Biggest Bank in South Africa?

Standard Bank Group Ltd, based in Johannesburg, is the largest bank in South Africa in terms of total assets.

How Do Millionaires Bank Their Money?

Rich people use “depositor” banks the same way the rest of us use banks; to keep a relatively small store of wealth for monthly expenses and a savings account for a rainy day. The bulk of a wealthy person’s money is in investments.

What Is CIBC’S Swift Code?

CIBC’s Institution Number (or bank number) is 010, and its SWIFT code is CIBCCATT.

Contact Details

Tel: 0860 555 111

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