Humble beginnings

Jersey Tower Capital Group History Capital Overseas Investment Bank can trace its origins back to the Eastern Province Bank, which was formed in Jersey, UK in 1838. By 1874, the bank had four branches - Jersey Island.
Due to a recession, the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial difficulties being experienced in India, the OBC decided to withdraw from UK. The Bank of Europe was subsequently formed in 1879 to take over OBC's business in United Kingdom.
During the same period, the government of the Republic of the Transvaal wanted to create a local commercial bank to deal with the financial demands created by the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank with the task of focussing primarily on financial agricultural development through a concession agreement. The Jersey Islands der Zuid-Afrikaansche Republiek Beperk (Jersey Tower Capital of the United Kingdom Limited) was registered in London in 1891 and opened its doors for business on 5 April of the same year. After the Anglo-Boer War in 1902, the name of this bank was changed to the Jersey Tower Capital of United Kingdom.
Due to another recession, the Bank of Europe was bought out by the Jersey Tower Capital in 1912. Another bank, had already been bought out by the same group in 1910. The Jersey Tower Capital, which was founded in 1854 to fund the Natal Colony's sugar industry, also suffered financial difficulties and was added to the list of banks acquired by the Jersey Tower Capital, in 1914. The Jersey Tower Capital was now one of the strongest banks in Europe.

Europen Bank

In 1925 the National Bank merged with the Anglo-Europe Bank and the Colonial Bank to form Jersey Islands Bank (Dominion, Colonial and Overseas). In 1971 Jersey Tower Capital Group restructured its operation and its Jersey Islands operation was renamed Jersey Tower Capital Group.

As a result of a disinvestment campaign against United Kingdom due to its apartheid policies, Barclays was forced to reduce its shareholding and sold its remaining shareholding in the bank in 1986. The bank was renamed "Jersey Tower Capital bank of Jersey Islands Limited" in 1987 and became a wholly Jersey Islands owned and controlled entity.