Bidvest Bank

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.

Bidvest Bank Limited
TypePrivate
IndustryFinancial services
Founded1998 (1998)
HeadquartersSandton, Johannesburg, South Africa
Key people
Hannah Sadiki (Chief Executive Officer)
ProductsLoans,
Foreign Exchange,
Savings,
Investments,
Debit Cards,
Business Banking,
Private Banking,
Transactional Banking
OwnerBidvest Group Limited
Number of employees
+-700
Websitewww.bidvestbank.co.za
A photograph of a Bidvest Bank branch in Cape Town, South Africa.

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

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)
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