Grindrod Bank
Type | Private |
---|---|
Industry | Financial services |
Founded | 1994 |
Headquarters | Durban, South Africa |
Key people | David Polkinghorne (CEO); Rakesh Garach (CFO); Unathi Mtya (CTO); Gareth Jasson (COO) |
Products | Loans, savings, invoice discounting, investments, deposits, property, corporate finance |
Total assets | US$550+ million (2009) |
Number of employees | +190 (2020) |
Website | www |
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 currently employs ninety six(96) people as of 2011. 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 . The bank maintains headquarters in Durban, with offices in Johannesburg, Pretoria and Cape Town. 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]
Ownership[]
As of January 2020, Grindrod Bank is 100% owned by Grindrod Financial Holdings. Grindrod Financial Holdings is 96.83% held by Grindrod Limited.
Grindrod Limited is the holding company of a dynamic organisation listed on the Johannesburg Stock Exchange, under the symbol: GND. The two business divisions are namely, Freight Services and Financial Services. With more than 100 years experience in South Africa's logistics, transportation, freight movement and related industries.
Branch network[]
As of January 2020, Grindrod Bank maintains a branch network in the cities of Johannesburg, Durban, Pretoria and Cape Town at the following locations:[4]
- Durban Head Office & Branch - 1st Floor North, 20 Kingsmead Boulevard, Kingsmead Office Park, Durban
- Johannesburg Branch - 4th Floor, Grindrod Tower, 8a Protea Place, Sandton, Johannesburg
- Pretoria Branch - 1st Floor, Building 21, Oxford Office Park, 3 Bauhinia Street, Centurion, Pretoria
- Cape Town Branch - 3rd floor, The Terraces, 25 Protea Road, Claremont, Cape Town
External links[]
See also[]
References[]
- ^ List of Licensed Financial Institutions In South Africa Archived 2009-05-24 at the Wayback Machine
- ^ [1] Archived 2010-04-17 at the Wayback Machine Company Profile of Grindrod Bank
- ^ Kamhunga, Sure (2010-07-08). "South Africa: Small Banks 'Have Edge Over Larger Rivals'". Business Day (Johannesburg). Retrieved 2017-08-31.
- ^ "Branches of Grindrod Bank". Archived from the original on 2010-04-18. Retrieved 2010-11-08.
- Banks of South Africa
- Financial services companies of South Africa
- Companies based in Durban
- Banks established in 1994
- 1994 establishments in South Africa