This is a Bidvest Bank promotional feature
Payment volumes across corporate foreign exchange platforms run into billions every week. In this high-volume environment, competitive rates are vital, but so are reliability and reputation. The stakes are too high for slip-ups.
Trust is the key issue. A business has to trust its foreign exchange provider to execute every transaction on time, at the optimum rate while complying with every regulatory requirement.
Trust in robust reporting is also essential. Reporting protocols must be scrupulously observed, ensuring both the client and the authorities receive a complete transaction history.
Trust is earned over time.
Bidvest Bank’s heritage in this challenging specialisation goes back more than 150 years via its predecessor, Rennies Foreign Exchange – a leader in the field familiar to generations of South Africans.
Further reassurance is provided by the provider’s stature.
Bidvest Bank holds a rating of A3.za/P-2.za with a stable outlook from Moody’s, the international ratings agency. It is known for strong capitalisation and its solid equity-to-assets ratio.
In addition, the bank is a wholly owned subsidiary of the Bidvest Group, the JSE-listed international services, trading and distribution business. Bidvest is consistently rated one of South Africa’s most admired businesses while achieving international recognition as one of the world’s leading companies.
A corporate client should also trust its foreign exchange partner to provide a host of related services, thereby ensuring one-stop convenience. Bidvest Bank complements its positioning as South Africa’s foreign exchange specialist with a wide range of banking services, including deposit-taking, loans and fleet and asset-based finance. It has held a full banking licence since 2000.