Grindrod Bank: Difference between revisions
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==Overview== |
==Overview== |
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GRDB is a large financial services provider in [[South Africa]], based on assets. It employed seventy-two (72) people in 2009. The |
GRDB is a large financial services provider in [[South Africa]], based on assets. It employed seventy-two (72) people in 2009. The bank's total asset base was in excess of US$550 million (ZAR:3.7 billion), with shareholders' equity in excess of US$37 million (ZAR:250 million).<ref>[http://www.grindrodbank.co.za/CompanyProfile/History.aspx Company Profile of Grindrod Bank]</ref> |
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==History== |
==History== |
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Revision as of 19:28, 8 November 2010
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1994 |
| Headquarters | Johannesburg, South Africa |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Total assets | US$550+ million (2009) |
Number of employees | 72 (2009) |
| Website | Homepage |
Grindrod Bank (GRDB), is a commercial bank in the Republic of South Africa. It is licensed as a "locally-controlled financial institution" by the Reserve Bank of South Africa, the national banking regulator.[1]
Overview
GRDB is a large financial services provider in South Africa, based on assets. It employed seventy-two (72) people in 2009. The bank's total asset base was in excess of US$550 million (ZAR:3.7 billion), with shareholders' equity in excess of US$37 million (ZAR:250 million).[2]
History
The bank was established in 1994 as a subsidiary of Grindrod Limited. The bank maintains headquarters in Johannesburg, with offices in Capetown and Durban. In 2006, it acquired 100% of the assets of Marriott Merchant Bank. Grindrod Bank focuses on meeting the needs of high net-worth individuals, large corporations and institutions.[3] However, it has several retail banking products aimed at the broad market, such as the Sharp!Banking debit card.[4]
Ownership
The stock of Grindrod Bank is 100% owned by the Grindrod Limited, a large shipping and logistics company, whose shares trade on the Johannesburg Stock Exchange, under the symbol: GND. Grindrod Limited is a large conglomerate, whose businesses include shipping, manufacturing, logistics, transportation, investments and finance.[5]
Branch Network
As of November 2010[update], Grindrod Bank maintains a branch network in the cities of Johannesburg, Capetown and Durban.
External links
See also
References
| Central bank | |
|---|---|
| Big four commercial banks | |
| Investment banks | |
| Other | |
| Defunct | |
