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Grindrod Bank
Grindrod Bank is a registered Financial Services (FSP 6317) and Credit Provider (NCRCP25), regulated by the South African Reserve Bank and Financial Services Conduct Authority, authorised to offer a range of products and services.
Grindrod Bank (GRDB) is a commercial bank in South Africa. It is licensed as a "locally-controlled financial institution" by the South African Reserve Bank, the national banking regulator.
May 27, 2022 · African Bank has bought 100% of Grindrod Bank, a South African business banking and property finance provider, for R1.5-billion. The deal will enable African Bank to diversify and grow its middle of the pyramid business banking offering and customer base.
Oct 12, 2022 · African Bank has obtained all the necessary regulatory approvals to buy 100% of Grindrod Bank, a deal that started in May 2022. The merger aims to diversify African Bank's business banking portfolio and to grow into the lower to middle-income market.
Grindrod Bank’s Online Money Manager is designed to cater for the ever-growing need for a facility that is transparent, swift in its payments and offers competitive interest rates.
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Oct 31, 2023 · Grindrod Bank, which was bought by African Bank in 2022, faces more than R204 million in claims after it failed to report fraudulent behaviour by a company it did a deal with. However, the high court has ordered the plaintiffs to amend their claims.
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