Grindrod Bank
| 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) |
| 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 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 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]
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.[4]
Branch network
As of November 2010, Grindrod Bank maintains a branch network in the cities of Johannesburg, Cape Town and Durban at the following locations:[5]
- Johannesburg Branch - 1st Floor, Building Three, Commerce Square, 39 Rivonia Road, Sandton, Johannesburg Main Branch
- Cape Town Branch - The Terraces, Block B, Steenberg Office Park, Tokai, Cape Town
- Durban Branch - 1st Floor North, 20 Kingsmead Boulevard, Kingsmead Office Park, Durban
External links
See also
References
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