VBS Mutual Bank
id:
vbs-mutual-bank-184-6549145
title:
VBS Mutual Bank
text:
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
brand slug:
wiki
category slug:
encyclopedia
description:
Defunct South African mutual bank
original url:
https://en.wikipedia.org/wiki/VBS_Mutual_Bank
date created:
2018-10-10T10:17:41Z
date modified:
2024-09-07T09:24:04Z
main entity:
{"identifier":"Q60748012","url":"https://www.wikidata.org/entity/Q60748012"}
image:
fields total:
13
integrity:
15