ðə nˈɛkst jˈɪɹ, ˌɛsbˌiːˈɛm ænd nˈɛdkɚɹ ɪstˈæblɪʃt ˌɛsbˌiːˈɛm nˈɛdkɚɹ ˌɪntɚnˈæʃənəl ˌɛsˌɛnˈaɪ æz ɐ fˈɪfti slˈæʃ fˈɪfti dʒˈɔɪnt vˈɛntʃɚ tʊ ɛŋɡˈeɪdʒ ɪn ˈɔfʃoːɹ bˈæŋkɪŋ, ænd ˌɛsˌɛnˈaɪ stˈɑːɹɾᵻd ˌɑːpɚɹˈeɪʃənz ɪn tˈuː θˈaʊzənd.
The next year, SBM and Nedcor established SBM Nedcor International (SNI) as a 50/50 joint venture to engage in offshore banking, and SNI started operations in 2000.