African Banking Corporation Explained

The African Banking Corporation was a British overseas bank; its headquarters were in London but all its branches were overseas. Unusually, it was a consortium bank (i.e., other banks jointly owned it), rather than being owned by individuals. It operated primarily in South Africa.[1] In 1920 the bank was bought out and merged with Standard Bank of South Africa.[2]

History

Notes and References

  1. Orbell, John, and Alison Turton. 2001. British Banking: A Guide to Historical Records. (Aldershot: Ashgate).
  2. Terry, Carolyn. 1978. The Desert Bankers: The Story of the Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners.
  3. Terry, Carolyn. 1978. The Desert Bankers: The Story of the Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners.