Access Bank South Africa

Add links
Coordinates: 26°06′49″S 28°03′35″E / 26.11361°S 28.05972°E / -26.11361; 28.05972
Source: Wikipedia, the free encyclopedia.

Access Bank South Africa
Company typeSubsidiary of
debit cards
WebsiteHomepage

Access Bank South Africa, formerly known as Grobank Limited, and Bank of Athens (South Africa) before that, is a

Reserve Bank of South Africa, the central bank and national banking regulator. The bank began commercial operations in June 2021, following the acquisition of a retail commercial banking license.[1][2]

Location

The bank's headquarters are located at Building Number 3, Inanda Greens Business Park, 54 Wierda Road West, Wierda Valley, Sandton, South Africa.[3] The geographic coordinates of the bank's headquarters are: 26°06'49.0"S, 28°03'35.0"E (Latitude:-26.113611; Longitude:28.059722).[4]

Overview

Access Bank South Africa is a subsidiary of

Nigerian Stock Exchange under the symbol ACCESS. As of 31 December 2021, Access Bank Group had total assets in excess of US$28 billion.[5]

History

Bank of Athens (South Africa) started operations in 1947. In October 2018, Grobank Limited concluded the acquisition of 99.81 percent shareholding in Bank of Athens (South Africa). The bank rebranded to Grobank Limited and focused its activities to lending to the agricultural sector.[6][7]

In March 2021, Access Bank Group paid an estimated US$60 million to acquire a controlling interest in Grobank Limited. Access Bank went further and obtained regulatory approval to rebrand Grobank to Access Bank South Africa and to convert to a retail commercial bank. It opened to customers under those new terms in June 2021.[2][7][8]

Governance

The managing director and

CEO is Sandile Shabalala.[1]

See also

References

  1. ^ a b c Londiwe Buthelezi (15 June 2021). "Nigeria's Access Bank has big plans for South Africa as it launches a new retail bank". News24.com. Johannesburg, South Africa. Retrieved 13 May 2022.
  2. ^
    Reuters.com
    . Retrieved 13 May 2022.
  3. ^ Access Bank South Africa (13 May 2022). "Physical Address of Access Bank South Africa Headquarters". Access Bank South Africa. Sandton, Johannesburg, South Africa. Retrieved 13 May 2022.
  4. ^ Google (13 May 2022). "Location of the Headquarters of Access Bank South Africa" (Map). Google Maps. Google. Retrieved 13 May 2022.
  5. ^ Access Bank Group (18 March 2022). "2021 Financial Year - Full Financial Statement For Year Ending 31 December 2021" (PDF). Access Bank Group. Lagos, Nigeria. Retrieved 13 May 2022.
  6. ^ Access Bank South Africa (18 April 2019). "SA Bank of Athens Repositioning As Grobank". Access Bank South Africa. Sandton, Johannesburg, South Africa. Retrieved 13 May 2022.
  7. ^ a b Access Bank South Africa (13 May 2022). "Our Story". Access Bank South Africa. Sandton, Johannesburg, South Africa. Retrieved 13 May 2022.
  8. Independent Online (South Africa)
    . Cape Town, South Africa. Retrieved 13 May 2022.

External links

26°06′49″S 28°03′35″E / 26.11361°S 28.05972°E / -26.11361; 28.05972

Retrieved from "https://en.wikipedia.org/w/index.php?title=Access_Bank_South_Africa&oldid=1213668528"