Grindrod Bank has been able to build a solid client franchise and act strategically in navigating the evolving financial landscape. Accordingly it sources remarkable individuals, with extraordinary drive and professional expertise, to create a truly dynamic niche bank. Employees are encouraged to use innovative thinking and are afforded the autonomy to develop effective and efficient financial products and services for their clients.
The bank was established in 1994 as a subsidiary of Grindrod Limited. The bank maintains headquarters in Durban. In 2006, it acquired 100% of the assets of Marriott Merchant Bank. Grindrod Bank focuses on meeting the needs of high-net-worth individuals, large corporations and institutions.
Grindrod Bank excels in customer service by delivering on intellectual recruiting of people, ensuring to get the professional expertise and driven passionate employees to manage the client’s profiles. The bank empowers people to think freely and use their experience and relationships with their clients to provide a tailor made solution that will benefit all customers.
Grindrod Bank offer clients the benefit and value of experienced, skilled employees in both the equity and debt capital markets. It can assist and advise in all areas of capital raising transactions as well as pricing and valuation of business offers, transactions and strategy approach.
Grindrod Bank is a registered financial services provider regulated by the South African Reserve Bank, with well-established services in the following areas:
• Cash Deposits
• Commercial Property Finance & Lending
• Corporate Finance
• Debtor Finance
• Exchange Traded Funds
• Mezzanine Finance
Grindrod Group is a Level 2 contributor. Grindrod Bank Limited is a Level 5 contributor, and is a verified B-BBEE company. The bank is currently a level 4 B-BEE company promoting opportunities and fair treatment throughout the workplace.
Grindrod Bank provides an environment where employees are treated respectfully, and where communication is open and honest.
Offerings made by Grindrod Bank
Grindrod Bank offers clients expertise in their Corporate Finance division through a wide range of different specialities.
Their skilled and experienced staff members provide businesses with negotiating and executing of all transactional banking needs across the corporate platform.
Short to medium term financing, asset management and secured facilities are offered to Grindrod Banking clients. Clients are offered the opportunity to re-invest or upgrade their portfolios for their business interests.
The bank offers organisations a specific scope of secure and easy to use Business Banking services and administrations. It gives all clients a tailor made solution and pride themselves on having the capacity to tailor individual answers to suit customers’ novel and advancing needs.
1. TREASURY AND CAPITAL MARKETS
Grindrod Bank offers a range of investment opportunities with excellent returns for both individual and corporate investors. These include cash deposits
and guaranteed preference shares.
2. LENDING AND FINANCE
Corporate Banking division focuses on offering a variety of commercial lending solutions including term loans, mezzanine finance, equity funding and combinations of all three. Invoice Discounting, a confidential facility
designed to accelerate the working capital of a business, is ideal for growing companies in the corporate sector.
Grindrod Bank is known for expertise in commercial and industrial property finance, and property private equity.
4. CARD SOLUTIONS
Grindrod Bank Retail division is a full clearing member of the National Payment Systems and participates actively in the EFT, CARD, ATM and Immediate Settlement Payment Clearing House streams. Grindrod Bank is a MasterCard issuer and makes use of industry recognised technology providers such as BankServ Africa and Net1.
5. CORPORATE FINANCE
The Corporate Finance division offers extensive experience across a range of disciplines. The division is made up of an expert team, with extensive skills
and experience in originating, negotiating and executing transactions across all of the corporate finance disciplines. As a JSE registered sponsor and designated advisor, the team provides a comprehensive service to both listed companies and companies seeking to list on the JSE.
6. ASSET MANAGEMENT
Grindrod Financial Services conducts its active investment business through a shareholding in Bridge Fund Managers (previously Grindrod Asset Management). Bridge Fund Managers is involved in both wealth management activities and investment products.
7. EXCHANGE TRADED FUNDS
Grindrod Financial Services conducts its passive investment business through a shareholding in Core Shares. Core Shares is a leading African ETF manager with a particular focus on Smart Beta.
At DTC we understand the complexities of the various funding agencies and the unique application criteria for each. We have assisted thousands of entrepreneurs through the application process to access funding for businesses, and we can assist you with the same.
Contact us for more information on funding through Grindrod Bank.