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| Bidvest Bank |
Bidvest Bank Limited (BVBL) provides a wide range of foreign exchange products and services to individuals, businesses and corporations. The company is the leading seller of travellers cheques and foreign bank notes in South Africa. There are more than 60 currencies available. The Bank offers savings and investment accounts, forex services, vehicle and asset finance, commercial property finance, medical equipment finance, corporate payment cards, business loans, internet banking and ATM services. The Bank’s fleet and asset finance division is one of the top five leasing companies in South Africa. The company operates 80 retail banking branches nationwide and employs approximately 1,100 people. It was formerly known as Rennies Bank and changed its name in 2007. Bidvest Bank operates as a subsidiary of Bidvest Group Ltd, an international business conglomerate with R51.4 billion in assets (June 30, 2017) and more than 114,000 employees.
Credit ratings:
Moody’s: Aa2.za/P-1.za
Bidvest Bank Ltd financial results:
| 2016 | 2015 | 2014 | 2013 | 2012 | |
| Total assets (R, bn) | 6.903 | 6.201 | 4.643 | 4.615 | 4.154 |
| Deposits (R, bn) | 3.863 | 2.831 | 2.141 | 2.124 | 1.780 |
| Loans (R, bn) | 1.660 | 1.240 | 1.164 | 1.212 | 1.002 |
| Profit after tax (R, m) | 323.485 | 263.012 | 250.798 | 260.379 | 317.038 |
Head office address:
11th floor Rennie House
19 Ameshoff Street
Braamfontein, 2001
Johannesburg, South Africa
SWIFT Code: BIDBZAJJ
Phone number: +27 11 407 3103
Website: www.bidvestbank.co.za
Western Cape corporate office:
33 Martin Hammerschlag Way
Foreshore, Cape Town
South Africa