Industry Financial Services Owner Bidvest Group Type of business Private | Website www.bidvestbank.co.za Founded 1998 | |
Key people A C Salomon (Managing Director) Products Loans,
Foreign Exchange,
Savings,
Investments,
Debit Cards Headquarters Johannesburg, South Africa Profiles | ||
Bidvest bank
Bidvest Bank, (BVBL), is a commercial 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. It is a niche bank specialising in foreign exchange and providing retail banking, vehicle financing and insurance. Bidvest bank
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Mastercard and bidvest bank launch multi currency world currency card
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.
Overview
The bank is a 100% subsidiary of its parent company, Bidvest Group Limited (BVGL), a South African-based International business conglomerate.