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Bidvest Bank Limited is a wholly-owned subsidiary of The Bidvest Group Limited, an international trading and services JSE-listed company that operates on three continents. Bidvest Bank leverages the strengths of two of South Africa’s leading brands – The Bidvest Group and Rennies Foreign Exchange. Bidvest Bank provide a wide range of corporate banking and treasury management services in South Africa and across Africa including: short-term borrowing, trade finance, short term investing, treasury management, and foreign exchange solutions.

An established history has also enabled the Bank to maintain a mature and diversified portfolio of clients which includes local, Africa and multinational corporations as well as local institutions and government agencies. The Bank provides working capital and international commercial banking support to these clients, including services such as treasury management. Bidvest Bank invested in world-class systems and use innovative technology to provide unique banking services.

Bidvest Bank has been involved in foreign exchange in Southern Africa for over 150 years and focuses on all major currencies through a correspondent global network. Solutions include import/export foreign exchange, spot and forward cover contracts, trade services, foreign money transfers and exchange control services. The bank’s dealing room also provides efficient and effective solutions to meet the needs of businesses.

Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, Bidvest Bank may also carry on any other business which is regulated or authorized by Reserve Bank, including financial advisory services, trade finance, short term investing and short-term foreign exchange.

The Reserve Bank is responsible for bank regulation and supervision in South Africa. The purpose is to achieve a sound, efficient banking system in the interest of the depositors of banks and the economy as a whole. This function is performed by issuing banking licenses to banking institutions and monitoring their activities as regulated by the Banks Act (No. 94 of 1990) and the regulations relating thereto.