Jump to content

Grindrod Bank

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Park3r (talk | contribs) at 10:58, 24 January 2011 (→History). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Grindrod Bank
Company typePrivate
IndustryFinancial Services
Founded1994
HeadquartersJohannesburg, South Africa
ProductsLoans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Total assetsUS$550+ million (2009)
Number of employees
72 (2009)
WebsiteHomepage

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 Cape Town 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 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, Grindrod Bank maintains a branch network in the cities of Johannesburg, Capetown and Durban at the following locations:[6]

  1. Johannesburg Branch - 1st Floor, Building Three, Commerce Square, 39 Rivonia Road, Sandton, Johannesburg Main Branch
  2. Cape Town Branch - The Terraces, Block B, Steenberg Office Park, Tokai, Cape Town
  3. Durban Branch - 1st Floor North, 20 Kingsmead Boulevard, Kingsmead Office Park, Durban

See also

References

  1. ^ List of Licensed Financial Institutions In South Africa
  2. ^ Company Profile of Grindrod Bank
  3. ^ About Grindrod Bank
  4. ^ About Sharp!Banking Debit Card
  5. ^ Grindrod Bank Is Subsidiary of Grindrod Limited
  6. ^ Branches of Grindrod Bank
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Grindrod_Bank&oldid=409738826"