FGL - Finbond Group Limited - Consent from the South African Reserve Bank to
FGL
FGL
FGL - Finbond Group Limited - Consent from the South African Reserve Bank to
establish and register a Mutual Bank namely Finbond Mutual Bank
Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL
ISIN: ZAE000138095
("Finbond" or "the Company")
CONSENT FROM THE SOUTH AFRICAN RESERVE BANK TO ESTABLISH AND REGISTER A
MUTUAL BANK NAMELY FINBOND MUTUAL BANK
The directors of Finbond are pleased to announce that following the
Company`s application to the South African Reserve Bank on 11 November 2010,
to establish and register a Mutual Bank in terms of the Mutual Banks Act 124
of 1993 in order to provide clients with a full range of low cost banking
services, Finbond received formal consent from the Registrar of Banks on 21
May 2012, in terms of section 11(1) and section 13(1) of the Mutual Banks
Act, to establish and register a mutual bank, namely Finbond Mutual Bank, in
the Republic of South Africa .
Finbond shareholders will be provided with further information in this
regard in due course.
Johannesburg
22 May 2012
Designated Advisor
Grindrod Bank Limited
Date: 22/05/2012 15:59:01 Produced by the JSE SENS Department.
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