Sasfin Bank
Encyclopedia
Sasfin Bank is a commercial bank in the Republic of South Africa. It is one of the locally-controlled banks licensed by the Reserve Bank of South Africa
, the national banking regulator. The bank serves both individuals and businesses, focusing on large corporate clients and high networth individuals. The stock of the bank's holding company Sasfin Holdings Limited, is listed on the Johannesburg Stock Exchange, where it trades under the symbol: SFN. The World Bank
, through its arm International Finance Corporation
(IFC), owns a US$10 million equity shareholding in Sasfin, made in July 2009.
South African Reserve Bank
The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought...
, the national banking regulator. The bank serves both individuals and businesses, focusing on large corporate clients and high networth individuals. The stock of the bank's holding company Sasfin Holdings Limited, is listed on the Johannesburg Stock Exchange, where it trades under the symbol: SFN. The World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
, through its arm International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....
(IFC), owns a US$10 million equity shareholding in Sasfin, made in July 2009.
External links
See also
- List of banks in South Africa
- Reserve Bank of South AfricaSouth African Reserve BankThe South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought...
- 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...