On 23 August 1990, permission was granted by the South Africa Reserve Bank to open a bank in South Africa. The bank commenced operations on 5th December 1990 as Overseas Bank of Africa Limited at 78 Fox Street, Johannesburg, 2001 with an authorized capital of R 25 M and paid-up capital of R 10 M. On 6th May 1991, the bank became a full member of the Clearing House and started issuing its own cheque books. On 4 May 1992 the bank formally changed its name to Habib Overseas Bank Limited.
Website:www.habiboverseas.co.za |
