We provide logistics solutions in strategic freight corridors throughout Sub-Saharan Africa

GRINDROD BANK

THE DIVISION COMPRISES OF GRINDROD BANK, A COMPETITIVE INVESTMENT BANK PROVIDING BESPOKE FINANCIAL SERVICES TO ITS PRIVATE, CORPORATE AND INSTITUTIONAL CLIENTS. 

CASH DEPOSIT MANAGEMENT
Sourcing deposits is a key activity of the Treasury Division and traditionally the rates offered on deposits are amongst the highest offered in the market. The activities of this division support a variety of the Bank’s functions and products.

PROPERTY LENDING
Grindrod Bank’s property division focuses on commercial and industrial property finance for both development and investment opportunities. Our funding options range from traditional senior finance to higher leveraged mezzanine debt. Traditional property mortgage finance is offered where properties are geared up to a level of 70% of value. Funding over and above this traditional level is considered mezzanine debt which is a hybrid of traditional senior finance and equity. Mezzanine funding is utilised to bridge the gap between the available cash resources that a client may have and the traditional senior debt level. With offices in Durban, Johannesburg and Cape Town, Grindrod Bank is able to consider properties in most locations within South Africa.

SMME BANKING
Our focus is generally on transaction values of between R20 million and R50 million, where funding is utilised to grow established and acquire shareholdings in, well managed small to mid-market companies, with a history of steady profits and strong cash flow generation with the aim of job creation and growing the economy. Working capital and “capex-backed” solutions are implemented via overdrafts, term loans and invoice discounting facilities ranging from 6 months to 3 years in duration. Acquisition (leveraged buy-outs, recapitalisations and empowerment transactions) and mezzanine finance are typically provided using preference share instruments over 3 to 5 years. Our products can be tailored to a specific investment opportunity including flexibility of amortisation profiles and interest/dividend payments.

CAPITAL MARKETS
The Capital Markets Division originates and manages unlisted cumulative redeemable preference shares issued primarily by large South African institutions. In addition to the preference share market-making activities the Capital Markets division assists in marketing and placing Grindrod Bank issued notes in terms of the Grindrod Bank Domestic Medium-Term Note Programme (DMTNP).

RETAIL CARD SERVICES
The Retail Division offers banking products and services via FSB registered financial intermediaries who on-provide these banking services to their clients as part of their own unique and differentiated offerings. These intermediaries, often referred to as co-brands, may offer Maestro or MasterCard branded debit cards under terms & conditions governed by a co-branding agreement entered between the financial intermediary and Grindrod Bank.