Natal Building Society
{{Short description|South African bank}}
{{Infobox company
| name = NBS
| logo = 200px
| type = Public
| foundation = {{start date |1882}}
| defunct = {{end date |2004 }}
| successor = Nedbank
| key_people =
| location = Durban, South Africa
| area_served = South Africa
| industry = Banking
| products = Financial services
| homepage = {{URL|http://www.nedbank.co.za}}
}}
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.
History
The Natal Building Society (NBS) was established as a building society in 1882.{{cite web |url=https://www.nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/about-nedbank-group/who-we-are/Our-history.html |title=Our History |publisher=Nedbank |accessdate=November 4, 2017}}
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.{{cite news |url=http://allafrica.com/stories/200204260249.html |title=South Africa: Last Post for SA's Building Societies |date=April 26, 2002 |publisher=AllAfrica}}
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.
See also
References
{{Reflist}}
External links
- [http://www.nedbank.co.za Website of Nedbank South Africa]
- Ex-NBS employees on https://www.facebook.com/groups/4190212227/
{{Banks of South Africa}}
{{Authority control}}
Category:Banks of South Africa
Category:Banks established in 1882