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Bidvest Bank, (BVBL), is a business bank in the Republic of South Africa. It is licensed by the Reserve Bank of South Africa, the national banking regulator.^[2] It is a niche bank specialising in foreign exchange and providing retail banking, vehicle financing and insurance. It was acquired by Access Bank South Africa in 2024.^[3][4]

Timeline

In 1998, the Bidvest Group acquired Rennies Foreign Exchange, as part of the acquisition of the Rennies Group.

In 2000, following the issuance of a banking license by the South African Reserve Bank, Rennies Foreign Exchange became Rennies Bank.

In 2007 Rennies Bank rebranded into Bidvest Bank.^[5] The bank maintains over 140 retail banking outlets across South Africa. It is still heavily involved in meeting the banking needs of traveling businesspeople and tourists, but has a variety of retail banking products on its menu.^{[citation needed]}

In 2024, the banks then owner, Bidvest Group Limited (BVGL), a South African-based International business conglomerate sold the bank to Nigerian banking Group's South African subsidiary Access Bank South Africa for R2.8billion.^[4]

• List of banks in South Africa
• South African Reserve Bank
• Economy of South Africa

• Website of Bidvest Bank Limited
• Website of Reserve Bank of South Africa