| Type | Private |
|---|---|
| Industry | Financial Services |
| Headquarters | 59 16th Road, Midrand Johannesburg, South Africa |
| Key people | Leonidas Kirkinis, Managing Director and Chief Executive Officer |
| Products | Loans, Foreign Exchange, Savings, Investments, Debit Cards, Credit Cards |
| Website | Homepage |
Bidvest Bank Limited, (BVBL), commonly referred to as Bidvest Bank, 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.[1]
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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 nearly 100 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]
The bank is a 100% subsidiary of its parent company, Bidvest Group Limited (BVGL), an International business conglomerate, that employs in excess of 100,400 people worldwide. Headquartered in Johannesburg, South Africa, with subsidiaries in Africa, Asia, Europe and Oceania, BVGL's businesses range from food processing, logistics, storage, manufacturing, finance, janitorial services, personal hygiene, logistics, information technology, among others. The stock of the Group is listed on the Johannesburg Stock Exchange, where it trades under the symbol BVT. The group has subsidiaries in the following countries:[3]
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