Bidvest Bank

Last updated
Bidvest Bank Limited
Type Private
Industry Financial services
Founded1998 (1998)
Headquarters Sandton, Johannesburg, South Africa
Key people
Hannah Sadiki (Chief Executive Officer)
Products Loans,
Foreign Exchange,
Savings,
Investments,
Debit Cards,
Business Banking,
Private Banking,
Transactional Banking
Owner Bidvest Group Limited
Number of employees
+-700
Website www.bidvestbank.co.za
A photograph of a Bidvest Bank branch in Cape Town, South Africa. Bidvest Bank 2015.JPG
A photograph of a Bidvest Bank branch in Cape Town, South Africa.

Bidvest Bank, (BVBL), is a business bank in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa, the national banking regulator. [1] It is a niche bank specialising in foreign exchange and providing retail banking, vehicle financing and insurance.

Contents

History

In 1998, the Bidvest Group acquired Rennies Foreign Exchange, as part of the acquisition of the Rennies Group.

In 2000, following the issuance of a banking license by the South African Reserve Bank, Rennies Foreign Exchange became Rennies Bank.

In 2007 Rennies Bank rebranded into Bidvest Bank. The bank maintains over 140 retail banking outlets across South Africa. It is still heavily involved in meeting the banking needs of traveling businesspeople and tourists, but has a variety of retail banking products on its menu. [2]

Overview

The bank is a 100% subsidiary of its parent company, Bidvest Group Limited (BVGL), a South African-based International business conglomerate.

See also

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References

  1. "FinForum | Everything About Business". FinForum. Archived from the original on May 24, 2009.
  2. "Page Not Found". www.bidvestbank.co.za. Retrieved 2017-08-31.{{cite web}}: Cite uses generic title (help)