Grindrod Bank Limited (GRDB) is a commercial bank in South Africa established in 1994. It 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 operates in five primary areas: Treasury, Corporate lending, Corporate Finance, Asset Management 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 over 110 employees, Grindrod Bank has 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, 2014, the Bank had total assets of R9.256 billion, deposits and funding instruments of R8.457 billion, customer loans of R3.957 billion and assets under management (AUM) of R14.3 billion (US$1.2 billion).
Head office address: 5 Arundel Close Kingsmead Office Park Durban Phone: +27 (0) 31 333 6600 Website: www.grindrodbank.co.za
Cape Town Suite 518 Protea Place 40 Dreyer Street, Claremont Phone: +27 (0)21 492 0200