African Bank Limited
Encyclopedia
African Bank Limited, , commonly referred to as African Bank, is a commercial bank
in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa. The bank is a subsidiary of its holding company called African Bank Investments Limited (Abil). The bank's headquarters are located in Midrand, South Africa
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa. The bank is a subsidiary of its holding company called African Bank Investments Limited (Abil). The bank's headquarters are located in Midrand, South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
.
External links
See also
- List of banks in South Africa
- Reserve Bank of South Africa
- Economy of South AfricaEconomy of South AfricaThe economy of South Africa is the largest in Africa, accounts for 24% of its Gross Domestic Product in terms of PPP, and is ranked as an upper-middle income economy by the World Bank, which makes the country one of only four countries in Africa represented in this category...