What is Merchant Banks?
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank.
Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants.
Below Are List Of Merchant Banks In South Africa
Millennium BCP
Al Baraka Bank
Firstrand Ltd
Societe Generale Ltd
R M B Investment Services
South African Bank Of Athens Ltd
Rand Merchant Bank.
Which bank is Rand Merchant Bank?
the FirstRand Group
RMB is the Corporate and Investment Banking franchise of the FirstRand Group – one of the largest financial services groups (by market capitalization) in Africa.
Is Rand Merchant Bank part of FNB?
FirstRand Bank Limited is a wholly owned subsidiary of FirstRand Limited, and has a number of divisions, including Rand Merchant Bank (the investment bank), FNB (the retail and commercial bank) and WesBank (the instalment finance provider).
Is Rand Merchant Bank listed?
FirstRand Bank Limited is the largest listed financial services group (by market capitalisation) in Africa.
The Group is differentiated by its owner-manager culture and operates a portfolio of five separately branded franchises: FNB, RMB, WesBank, Aldermore and Ashburton Investments.