Nedbank

The bank was founded in 1888, in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In August that year, the bank opened an agency in Church Street, Pretoria, South Africa with its mission being to provide credit and banking in and with South Africa. In 1992, Syfrets, UAL Merchant Bank, and Nedbank Investment Bank Division merged to become Nedcor Investment Bank (NIB). Old Mutual, Nedcor's holding company, was demutualised and listed on the London Stock Exchange in 1999. The new Nedcor Group was formed on 1 January 2003, combining Nedcor, BoE, Nedcor Investment Bank, and Cape of Good Hope Bank into one legal entity. The Nedcor Group was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. ==Nedbank Group==

Nedbank Group is the holding company of all Nedbank's businesses, subsidiaries, associates and affiliates. The Nedbank Group's major subsidiary and associate companies include the following: Local subsidiaries • Nedbank Limited • Syfrets Securities Limited • Nedgroup Investments Proprietary Limited • Nedgroup Private Wealth Stockbrokers Proprietary Limited • Nedgroup Collective Investments (RF) Proprietary Limited • Nedgroup Securities Proprietary Limited • Nedgroup Private Wealth Proprietary Limited • Nedbank Group Insurance Holdings Limited • The Board of Executors • Dr Holsboer Benefit Fund Foreign subsidiaries and associates • Ecobank Transnational Incorporated • Nedbank (Zimbabwe) • Nedbank (Eswatini) • Nedbank (Lesotho) • Nedbank Namibia Limited • Nedbank Limited (Malawi) – Until December 2019 • Nedbank (Mozambique) • Nedbank Private Wealth Limited (Isle of Man) • NedEurope Limited (Isle of Man) • Nedgroup International Holdings Limited • Nedgroup Investments Africa (Mauritius) ==Ownership==

Nedbank shares are traded on the JSE under the share code NED and on the Namibian Stock Exchange under the share code NBK. As at 18 January 2019, the shareholding in the group's stock consisting of 497,053,536 issued shares rounded to the nearest digit was: ==See also==