VBS Mutual Bank
http://dbpedia.org/resource/VBS_Mutual_Bank an entity of type: Thing
VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens and taxpayers defrauded out of roughly R2 billion. It was formed as Venda Building Society in 1982, and became a mutual bank in 1992. By 2016 the bank reportedly had around 30,000 depositors with all deposits in the bank totalling R800 million. In 2017 the bank planned to list on the Johannesburg Stock Exchange; however, this never materialized. Most of its branches and clients are located in Limpopo province.
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VBS Mutual Bank
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VBS Mutual Bank
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VBS Mutual Bank
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58712362
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1107946989
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R1,018,036,301
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2018
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R144 million
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Bankruptcy
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1982
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Andile
Ramavhunga
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Philip
Truter
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Tshifhiwa Matodzi
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Rivonia, Johannesburg, South Africa
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VBS Mutual Bank logo.svg
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250
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R4.7 million
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87
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R47 million
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VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens and taxpayers defrauded out of roughly R2 billion. It was formed as Venda Building Society in 1982, and became a mutual bank in 1992. By 2016 the bank reportedly had around 30,000 depositors with all deposits in the bank totalling R800 million. In 2017 the bank planned to list on the Johannesburg Stock Exchange; however, this never materialized. Most of its branches and clients are located in Limpopo province.
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15410
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Bankruptcy
xsd:gYear
1982
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87