Idvest Bank (BVBL) Is A Commercial Bank In The Republic Of South Africa. It Is Licensed As A "locally Controlled Bank" By The South African Reserve Bank, The National Banking Regulator. It Is A Niche Bank That Specializes In Foreign Exchange And Provides Retail Banking, Vehicle Financing And Insurance.
History
In 1998, Bidvest Group Acquired Rennies Foreign Exchange As Part Of The Acquisition Of Rennies Group.
In 2000, Rennies Foreign Exchange Changed Its Name To Rennies Bank Following The Issuance Of A Banking License By The South African Reserve Bank.
In 2007, Rennies Bank Changed Its Name To Bidvest Bank. The Bank Has Over 140 Retail Banking Outlets In South Africa. It Remains Actively Involved In Meeting The Banking Needs Of Traveling Merchants And Tourists, But It Has A Variety Of Retail Banking Products On Its Menu. Overview
The Bank Is A 100% Subsidiary Of Its Parent Company, Bidvest Group Limited (BVGL), An International Business Group Headquartered In South Africa
