African Banking Corporation Ltd

African Banking Corporation Ltd


African Banking Corporation was a British Overseas Bank, that is, it had a headquarters 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.

The African Banking Corporation was the second entrant into the Rhodesian banking space which had been established in South Africa in 1890. Little is known about this institution, except that its first branch was opened in Bulawayo in 1895, under the management of Mr. G Cripps. Another branch was opened in Salisbury.

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