NBS (Natal Building Society)

Updated on Nov 16, 2023

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Former type Public Defunct 2004 Products Financial Services Date founded 1888		Industry Banking Area served South Africa Headquarters Durban, South Africa Ceased operations 2004
Key people John Graham Maxwell (Managing Director)

NBS was one of the largest Independent banks in South Africa before it went through a series of mergers. It was headquartered in Durban.

History

The Natal Building Society (NBS) was established as a building society in 1882.

In 2002, The NBS, Cashbank and PEP Bank divisions of BoE were incorporated into Peoples Bank, the empowerment subsidiary of Nedbank.

In 2004, NBS was integrated into [Peoples Bank].

In 1998, NBS merged with Boland Bank to form NBS Boland. The Managing Director was John Graham Maxwell.

In 1999, NBS Boland merged with B.o.E..

In 2002, B.o.E. merged with Nedcor.

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