services founded 1994 headquarters johannesburg south africa products loans savings checking investments debit cards credit cards mortgages total assets us 550 million 2009 number of employees 72 2009 website homepage grindrod bank grdb is a commercial bank in the republic of south africa . it is licensed as a locally controlled financial institution by the reserve bank of south africa the national banking regulator . 1 contents 1 overview 2 history 3 ownership 4 branch network 5 external links 6 see also 7 references overview edit grdb is a large financial services provider in south africa based on assets . it currently employs ninety six 96 people as of 2011 . the bank s total asset base was in excess of us 550 million zar 3.7 billion with shareholders equity in excess of us 37 million zar 250 million . 2 history edit the bank was established in 1994 as a subsidiary of grindrod limited . the bank maintains headquarters in durban with offices in johannesburg pretoria and cape town . 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 . 3 ownership edit the stock of grindrod bank is 100 % owned by grindrod limited a large shipping and logistics company whose shares trade on the johannesburg stock exchange under the symbol gnd . grindrod limited is a large conglomerate whose businesses include shipping manufacturing logistics transportation investments and finance . 4 in july 2014 bidvest limited announced that it was looking to acquire 100 % of grindrod bank and would hope to conclude the deal by the end of 2014 . under the deal grindrod bank would be merged into bidvest bank . branch network edit as of november 2010 update grindrod bank maintains a branch network in the cities of johannesburg durban pretoria and cape town at the following locations 5 durban head office & branch 1st floor north 20 kingsmead boulevard kingsmead office park durban johannesburg branch 1st floor building three commerce square 39 rivonia road sandton johannesburg pretoria branch building 3 berkley office park 8 bauhinia street highveld techno park pretoria cape town branch the terraces block b steenberg office park tokai cape town external links edit website of grindrod bank website of reserve bank of south africa see also edit list of banks in south africa reserve bank of south africa economy of south africa references edit list of licensed financial institutions in south africa 1 company profile of grindrod bank about grindrod bank grindrod bank is subsidiary of grindrod limited branches of grindrod bank v t e banks of south africa central bank south african reserve bank the big four commercial banks absa first national bank fnb nedbank standard bank other african bank bidvest bank capitec bank firstrand bank grindrod bank imperial bank south africa investec vbs mutual bank sasfin bank teba bank limited postbank development bank of southern africa land and agricultural development bank of south africa defunct 20twenty african banking corporation allied bank colesberg bank nbs permanent bank saambou trustbank united bank retrieved from https en.wikipedia.org w index.php title grindrod bank & oldid 686304508 categories banks of south africafinancial services companies of south africacompanies based in johannesburgbanks established in 1994economy of johannesburghidden categories articles containing potentially dated statements from november 2010all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 october 2015 at 09 33 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view