NBS (Natal Building Society)

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.

NBS
Public
IndustryBanking
SuccessorNedbank
Founded1882 (1882)
Defunct2004 (2004)
HeadquartersDurban, South Africa
Area served
South Africa
ProductsFinancial Services
Websitewww.nedbank.co.za

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.

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See also

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