STANDARD BANK - OVERPORT - Durban

3.0 2 Reviews
STANDARD BANK - OVERPORTSTANDARD BANK - OVERPORT
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Company name
STANDARD BANK - OVERPORT
Location
344 Ridge Rd, Essenwood, Durban, 4091, Durban, Kwa Zulu Natal, South Africa
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Contact number
+27 31 207 3443
Fax
+27 31 209 9763
Working hours
  • Monday: 09:00 - 15:30
  • Tuesday: 09:00 - 15:30
  • Wednesday: 09:00 - 15:30
  • Thursday: 09:00 - 15:30
  • Friday: 09:00 - 15:30
  • Saturday: 08:30 - 13:00
  • Sunday: Closed
E-mail address
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Company description
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa.

The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank.

It was prominent in financing and development of the diamond fields of Kimberley in 1867. The word "British" was dropped from the title  
Show more in 1883. When gold was discovered on the Witwatersrand, the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira's Camp (later to be called Johannesburg), thus becoming the first bank to open a branch on the Witwatersrand gold fields. On 1 November 1901 a second branch was opened in Eloff Street of Johannesburg.


Standard Bank in Adderley St, Cape Town
Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent's previous name.

In 1967 shares in the Standard Bank of South Africa were offered to the South African public, although the British parent company retained over 80% of the shares.

The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. During the 1970s and 1980s Standard Chartered gradually reduced its shareholding, and sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South African investors and in particular Liberty Life (and its affiliates), with the latter being the company's major shareholder until 1999.

Reviews

2 Reviews
3.0
 
Write a Review
1.0
Disappointment
On 2 separate occasions i went to overport branch being a customer to the institute with a big problem an needed assistance to my disappointment i was met with such unfriendly staff cant even talk about the manager that just walks up an down fliking her hair very bad service very unhappy. Then i go to the pinetown branch amazing service what overport couldn't assist in 2 days i was helped in 30mins
5.0
Exceptional service from Branch manager
I had a problem accessing my account due to Hani's Report. I was attended by one of the supervisors. And the lady told me they cannot help me to get the money nor the bank card as my bank card had expired.
The branch manager intervened and came up with the solution. And I was able to pay for some of my bills while I am trying to sort out my matter with the Dept of Home affairs.
I was so happy with how the branch manager handled the matter. He showed me uBuntu. I am a very customer at the moment

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C2024-05-16
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