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About: African Banking Corporation     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctBanksOfSouthAfrica, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatBanksEstablishedIn1890yago:WikicatBritishOverseasBanksyago:WikicatCompaniesDisestablishedIn1920yago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntitybankyago:SocialGroup107950920yago:WikicatDefunctBanksOfSouthAfrica New Facet based on Instances of this Class

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. In 1920 the bank was bought out and merged with Standard Bank of South Africa.