Grindrod Bank
Grindrod office  

Grindrod Bank

Grindrod Bank (GRDB) is a commercial bank in South Africa. Established in 1994, GRDB is a competitive niche bank with a particularly strong reputation in property finance. The Bank operates as a subsidiary of Grindrod Limited, a large shipping and logistics company. Grindrod Bank focuses on meeting the needs of high net-worth individuals, medium-size corporations, non-governmental organisations and institutions. It has five primary areas: Treasury, Corporate lending (term loans, overdraft facilities, preference share funding, equity funding and financing of BEE initiatives), Corporate Finance, Asset Management (private clients, institutional fund management and investment products) and Retail services. The Retail division offers card-based payment solutions to FSB-registered financial intermediaries, who in turn provide packaged solutions to consumers. Grindrod Bank, together with UEPS Technologies, has developed one of South Africa’s most innovative retail banking solutions, Sharp!Banking. This is an exciting card-based product, specifically designed to meet the needs of those who have not previously had access to banking services. With about 90 employees, Grindrod Bank has representative offices in Durban, Cape Town, Pretoria and Johannesburg. The company was formerly known as Marriott Merchant Bank Limited and changed its name to Grindrod Bank in November 2006. As of December 31, 2012, the Bank had total assets of over R4.5 billion, deposits of over R3.0 billion, customer loans of over R3.0 billion and assets under management (AUM) of over R8 billion (US$940 million).

Head office address:
5 Arundel Close
Kingsmead Office Park
Durban
Phone: +27 (0) 31 333 6600

Johannesburg
4th Floor, Grindrod Tower
8a Protea Place, Sandton
Phone: +27 (0) 11 459 1860

Pretoria
Building 3, Berkley Office Park
8 Bauhinia Street, Highveld Techno Park
Phone: +27 (0) 12 940 3867

Cape Town
The Terraces, Steenberg Office Park
Tokai
Phone: +27 (0) 21 702 8360

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