[1] The bank was established in 1996 by Imperial Holdings Limited.

In 2001, the Nedbank Group acquired 50.1% controlling interest in the bank.

In August 2009, the Nedbank Group acquired the 49.9% that it already did not own, thereby becoming the sole owner of the bank.

[2][3] As of November 2010[update], IBSA maintained headquarters at 24 Achter Road, Sandton, Rivonia, Johannesburg, South Africa.

The Managing Director and Chief Executive Officer is René Van Wyk.