In July 2002 banking group, Nedcor had purchased another banking group, BOE and decided to use this purchase as an opportunity, not only to integrate BOE into Nedcor, but also two other banks that had operated within the group. In typical fashion, the treasuries had raced ahead of the rest ob the group, but appeared to have achieved the impossible: a complex integration in record time, with no fall-out for the bank. The rest of the group’s integration process was still under way and would probably only be finished at the end of 2004.