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Bidvest Bank, (BVBL), is a business 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.
Website of Bidvest Bank Limited
Website of Reserve Bank of South Africa
{{Authority control Banks of South Africa Banks established in 2000 Companies based in Johannesburg Bidvest companies
Bidvest Bank, (BVBL), is a business 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.
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 theSouth African Reserve Bank
The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial condit ...
, 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
The Bidvest Group Limited also known as Bidvest Group or Bidvest is a South African services, trading, and distribution company.
History
Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. The B ...
(BVGL), a South African-based International business conglomerate.
See also
*List of banks in South Africa
This is a list of commercial banks in South Africa
Banks Locally controlled banks
* Absa Group Limited
* African Bank Limited
* Bidvest Bank Limited
* Capitec Bank Limited
* Discovery Limited
* First National Bank
* FirstRand Bank - A subsi ...
* South African Reserve Bank
The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial condit ...
* Economy of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa ...
References
External links
Website of Bidvest Bank Limited
Website of Reserve Bank of South Africa
{{Authority control Banks of South Africa Banks established in 2000 Companies based in Johannesburg Bidvest companies