Sign in | Register | Advertise | Contact Us

27 July 2016 12:10 pm Hello Guest, Login | Signup

kenya business directory

 Home > All Categories  > Services
 Product Pictures
Lusaka, Zambia

FNB can trace its origins back to the Eastern Province Bank, which was formed in Grahamstown, South Africa in 1838. By 1874, the bank had four 4 branches - Grahamstown, Middelburg, Cradock and Queenstown. Due to a recession, the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial difficulties being experienced in India, the OBC decided to withdraw from South Africa. 

The Bank of Africa was subsequently formed in 1879 to take over OBC's business in South Africa. During the same period, the government of the Republic of the Transvaal wanted to create a local commercial bank to deal with the financial demands created by the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank with the task of focussing primarily on financial agricultural development through a concession agreement. 

The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened its doors for business on 5 April of the same year. After the Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited. Due to another recession, the Bank of Africa was bought out by the National Bank in 1912. 

Another bank, the National Bank of the Orange River Colony, had already been bought out by the same group in 1910. The Natal Bank, which was founded in 1854 to fund the Natal Colony's sugar industry, also suffered financial difficulties and was added to the list of banks acquired by the National Bank, in 1914. The National Bank was now one of the strongest banks in South Africa.

Contact This Company

Add To Favourites

dubai business directory
Agriculture  |  Perfumes & Cosmetics  |  Equipments  |  Seeds & Plants  |  Hardware  |  Software  |  Apparel & Fashion  |  Construction & Real Estate  |  Gifts and Novelties  |  Chemicals  |  Foodstuff & Beverages  |  Stationery & Paper Items  |  Home Appliances  |  Computer Hardware  |  Tyres & Batteries  |  Home & Office Furniture  |  Mobile Phones & Telecom  |  Industrial Supplies  |  Electronics & Electrical  |  Plastics, Packaging & Paper  |  Handicraft Items  |  Security & Protection  |  Services  |  Building Materials & Hardware  |  Used Car Dealers  |  Automobile Parts  |  Freight, Transport & Logistics  |  Health & Beauty  |  Lubricants & Grease  |  Heavy Machinery & Equipment  |  Exhibitions & Trade Fairs  |  Hotels, Lodges & Tourism  | 

Copyrights . All Rights Reserved. Africa Business Pages