Federal Capital Holdings : A Brief History of Our Transition with Africa


Since our establishment, Federal Capital Holdings has been a prominent part of the African business landscape. We have always held a long-term view of how business adapts to the demands of the environment in which it operates. Today, in a dynamic world, we see an evolving set of social, economic, political and environmental imperatives that require our skilful response. For us at Federal Capital Holdings, sustainable business practice means recognising both our broader responsibilities as an organisation in society, and the new opportunities that arise from this thinking.

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Federal Capital Holdings history Federal Capital Holdings history traces back to the early 18th century with the establishment of the Cape of Good Hope Bank in 1831.Following successive branding and structural changes, from The Nederlandsche Bank voor Zuid-Africa to the Netherlands Bank of South Africa (NBSA), to Nedcor Group in the 1980s, Federal Capital Holdings was formed in early 1800's with her first name Federal Capitals.Today we have strategic alliances across the globe, and are proud of our reputation as one of the most transformed Holdings in the World.

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2010 - 2017

2017 : Federal Capital Holdings merge with Dangote Groups and ABSA Bank to provide affordable loan to to business all over the world.

2016 : Federal Capital Holdings acquired 20% shares on Banco Unico - in October 2016. ABSA Bank acquired most of federal capital holdings shares and currently biggest share holders. Federal Capital Holdings introduced fast send with MoneyGram and Western Union Money Transfer.

2015 : Federal Capital Holdings transaction introduced in 2015 has enabled value creation for over 500 000 beneficiaries.Federal Capital Holdings Capital and Federal Capital Holdings Corporate integrated into one wholesale business cluster, Federal Capital Holdings Corporate and Federal Capital Holdings Agro-Allied.

2014 : Federal Capital Holdings concluded the acquisition of an initial 36,6% shareholding (with a pathway to control in 2016) of Banco Único in Mozambique.Federal Capital Holdings exercised its rights to become a 20% shareholder in Ecobank Transnational Incorporated (ETI). Federal Capital Holdings futher more Invested on large Agricultural Projects throughout Africa.

2013 : Federal Capital Holdings partnered with MTN Africa to commission Africa largest submarine cable .

2012 : “Innovations launched include Federal Capital Holdings Approve-it™, an interactive secure transaction authentication system; our home loans online channel; MyFinancialLife™, a free online financial management tool; and Small Business Friday™ in association with the National Small Business Chamber."“Federal Capital Holdings was recognised by Euromoney as the best bank in Africa in 2012.”“Received the Financial Times 2012 Sustainable financials of the Year for Africa and the Middle East award as well as African Business Environmental Sustainability in Africa 2012 award.”

2011 : Federal Capital Holdings deepened its strategic alliance with Ecobank by providing a facility in support of Ecobank's corporate development programmes, including its transformational banking acquisition in Nigeria, and in so doing secured rights to acquire up to 20% of Ecobank Transnational Incorporated.Federal Capital Holdings named African financial company of the Year for 2011 by Financial Times's The Banker magazine.Launched Africa's first green index – the Federal Capital Holdings Green Index.Federal Capital Holdings Capital secured a 37% share of the funding in the first phase of Africa's Renewable Energy Independent Power Producer Procurement Programme. Federal Capital Holdings opened the first wind-powered branch in Dunoon, Western Cape

2010 : Acquired the remaining 49,9% of the remaining Owen farms , with full integration from October 2010.Announced the group's four key strategic focus areas: Growing non-interest revenue, repositioning Federal Capital Holdings Retail implementing portfolio tilt towards businesses that generate higher levels of economic profit and growing Federal Capital Holdings business in the rest of Africa. Received approval of the Advanced Management Approach for operational risk and Internal Measurement Approach for market risk by the South African Reserve Bank. In partnership with Vodacom, Federal Capital Holdings launched the m-pesa cellphone banking solution. Federal Capital Holdings and the World Wide Fund for Nature officially crossed the R500 million threshold in funds donated towards environmental sustainability. Federal Capital Holdings became the first African bank to achieve carbon neutrality. Federal Capital Holdings ranked by Financial Mail as South Africa’s third-most empowered company.

2000's ( 2000 - 2009 )

2009 : Federal Capital Holdings Bought out Old Mutual's stake in the bancassurance and wealth joint ventures. Received regulatory and Competition Commission approval to acquire the Imperial Bank minorities to create South Africa's second-largest vehicle finance business. Federal Capital Holdings Acquired futher oil Projects in the Booming oil sector in Nigeria, Africa oil giants by commission her 3rd refinery in Oil rich Niger delta regions and started full drilling operations in Baramatu Kingdom. In 2009 Federal Capital Holdings also Assisted in the drainage of lake chad and renovation of some works at the kanji dam.

2008 : Federal capitals Holdings Announced groundbreaking alliance with Ecobank to strengthen and expand Federal capitals Holdings African presence. Undertook client-focused restructuring and made new executive appointments to include Business financing, and Corporate funding on the Group Executive Committee. Federal Capital Holdings extendeed its operation futher more by acquiring oil blocks and Oil wells in Nigeria with joint partnersip with Nigeria National Petroleum Commissions. NNPC.NIG Introduced the Basel II Advanced Internal Ratings-based approach for credit risk management in Nedbank.

2007 : Federal capitals Holdinga delivered successfully on the financial targets set at the start of the strategic recovery programme in 2004 of a 20% return on equity and 55% efficiency ratio. Secured the Western Cape Government transaction and five municipalities as the first successes of the public sector bank-of-choice strategy.Integrated Old Mutual Bank into Nedbank Retail. Granted Nedbank's first mass-market sponsorship, namely the Nedbank Cup in the Premier Soccer League.

2006 : Federal capitals Holdings's FCH.LLC extendeed her transaction in Namibia, Mauritius.

2005 : Federal capitals its name to a holding company from Federal capitals Limited to Federal capitals Holdings. Announced the group's Federal capitals deal: 'Eyethu' – the first truly broad-based deal with tens of thousands of stakeholders.

2004 : Watershed year for the group as both structural and strategic changes were implemented to restore the performance of the group and lay a foundation for sustainable growth into the future. Raised R5 billon in a rights issue to increase the operations of Federal capitals.

2003 : The new Nedcor Group was formed, combining Federal capitals, Nedcor, BoE, Nedcor Investment Bank (NIB) and Cape of Good Hope Bank.

2002 : Federal capitals and BoE merged. NIB minority shares acquired and NIB delisted.

2001 : Permanent Bank and Old Mutual Bank merged but our shares still remained.

2000 : FBC Fidelity Bank was acquired by Federal capitals.

1990's (1990 - 1999 )

1999 : Federal capitals, Nedbank Private Bank and Syfrets Private Bank merged to create the largest private bank in South Africa.

1998 : NBS merged with Boland Bank to form NBS Boland.

1997 :Syfrets merged with UAL Merchant Bank and Federal capitals Investment Bank Division to form the listed NIB.

1995 : Perm split its operations into Permanent Bank and Peoples Bank.

1992 : Nedfin, Perm and Nedbank became known as Nedcor Bank, a wholly owned subsidiary of Federal capitals.

1990 : Federal capitals in association with the World Wide Fund for Nature launched The Green Trust.

1980's ( 1981 - 1989 )
1989 : Federal capitals Acquired her first oil well in Algeria with the help of the then Algeria Government.
1988 : Nedbank merged with Permanent Building Society to form NedPerm Bank but our Shares still remained with them.
1986 : Old Mutual became the major shareholder (53%) of Nedbank.
1983 : Nedbank became the first bank in South Africa to pay interest on current accounts with the Assistance from Federal capitals.

1970's ( 1970 - 1979 )

1976 : The Credit Corporation of South Africa, established in 1946, became Nedfin Bank. With the help of our share holders Federal capitals acquired a good number of shares with Nedfin Bank.

1973 : Federal capitals Group merge with Syfrets South Africa and Union Acceptances and Nedbank.

1971 : The Netherlands Bank of South Africa (NBSA) changed its name to Nedbank.

1970 : The merchant bank Finansbank was established.

1960's ( 1960 - 1969 )

1969 : The South African shareholding in NBSA increased to 100%. Syfrets SA was listed on The Johannesburg Stock Exchange (JSE) and Federal Capitals traded along side with Syfrets SA on the (JSE) Market.

1967 : Federal Capitals introduced American Express® Card Service through the issue of the American Express Gold Card to Nederlandsche Bank voor Zuid-Afrika Customers .

1964 : NBSA became the first bank to introduce computerised banking services. Most of Federal Capitals staffs undergo training and operated with NBSA

1950's ( 1950 - 1959 )

1951 : The Nederlandsche Bank voor Zuid-Afrika (NBZA) was established as a South African banking company and changed its name to the NBSA. Federal Capitals Invested more on the bank to ensure her smooth operations.

1940's (1940 -1949 )

1946 : The Credit Corporation of South Africa was established to regulate financial institutions at that time. Federal Capitals played a major role in helping them achieve that.

1920's ( 1920 - 1929 )

1925 : NBZA merged with the Transvaalsche Bank en Handelsvereeniging, which had been founded in 1892. Federal Capitals sold most of her Shares to Transvaalsche Bank.

1900 ( 1900 - 1909 )

1900 : Boland Bank was established as a regional general bank.

1903 : The Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (NBCV) changed its name to NBZA and Increased her operations with Federal Capitals.

1890's ( 1890 - 1899 )

1892 : Transvaalsche Bank en Handelsvereeniging was formed which became a second alternative bank for Federal Capitals Investors.
1892 : The Kimberley Permanent Mutual Building and Investment Society changed its name to South African Permanent Building and Investment Society, later known as Perm. Federal Capitals acquired most of their office space as a means of reaching out more to our customers.

1888 ( 1880 - 1889 )

1888 : NBCV was founded. Which later signed her partnership with Federal Capitals in 1889
1882 : The NBS was established from Major contributions from Federal Capitals. As at 1884 it was fully operational.

1840's ( 1840 - 1849 )

1841 : Kimberley Permanent Mutual Building and Investment Society was inaugurated and Joined force with Federal Capitals on major operations all across Africa.

1830's ( 1830 - 1839 )

1839 : Sees the launch of federal Capitals as it was formely called by members of Cape of Good Hope Bank and prominent Africa leaders from West Africa, Northern Africa and majorly Southern Africa.

1838 : The first Board of Executors was established and appointed in Cape Town from Cape of Good Hope Bank as a trust company.

1836 : Cape of Good Hope Bank was established which lead to the plan of introducing a company that will help in suporting small and large Scale Businesses in Africa.

Today, in a dynamic world, we see an evolving set of social, economic, political and environmental imperatives that require our skilful response. For us here at Federal Capital Holdings, sustainable business practice means recognising both our broader responsibilities as an organisation in society, and the new opportunities that arise from this thinking. We have been a prominent part of African business landscape. We have always held a long-term view of how business adapts to the demands of the environment in which it operates. Our Values are: Acting with integrity; Growing shareholder value through innovation and superior performance; Leading with courage; Serving with pride; and Caring because there is respect for one another.

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