Vice President and Relationship Manager for Mercantile Bank’s Private Banking Group in the Central Florida Region. To speak to a business banker you can do one of the following: Mercantile Bank Limited. It is … As they grow their appetite for other types of banking (other than … Mercantile’s niche approach to business and commercial banking allows them to tailor their solutions to suit the market’s unique and evolving needs. Mercantile Bank … The offer was made subsequent to the conclusion of a detailed due diligence on the operations of Mercantile. Capitec Bank & Mercantile To Merge Capitec Bank has been outperforming all other local banks in terms of growth for some time now. Mercantile Bank Limited is a South African commercial bank, founded in 1965. Scroll. The bank is headquartered in Sandton, South Africa, and provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. Visit our COVID-19 page for any essential banking needs during the lockdown and the official SA government portal www.sacoronavirus.co.za to stay informed about our fight against COVID-19. Both the banks will now run independently with retail clients served in Capitec branches and business banking clients referred to Mercantile. The South African Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. Scroll. FOR ME. This is an exciting timing for both Capitec and Mercantile and brings new opportunities for both Capitec and Mercantile, for our Staff, for Small Business Owners and Entrepreneurs; as we build Capitec’s Business BankingRead More Visit our COVID-19 page for any essential banking needs during the lockdown and the official SA government portal www.sacoronavirus.co.za to stay informed about our fight against COVID-19. Acquisition of Mercantile Bank Holdings Limited and Its Subsidiaries (“Mercantile”) 9 October 2019. An authorised financial services provider (FSP46669) and registered credit provider (NCRCP13). and 7 November was the first official day that Mercantile became part of Capitec, the bank said. LEARN MORE. As a Mercantile Private Bank client you can download a bespoke loyalty app – the first offering of its kind in South Africa - which allows you to redeem rewards at a number of hand-picked premium stores. Everyone. The Capitec Learning Facilitation team joined the campaign by visiting Solomon Qatyana Primary School in Strand. Mercantile Bank a division of Capitec Bank Limited Registration Number: 1980/003695/06. FOR ME. As a Mercantile Private Bank client you can download a bespoke loyalty app – the first offering of its kind … 2. If Capitec Bank succeeds with its bid for Mercantile (and it doesn’t find anything strange in the due diligence process), the business banking space is about to become very hotly-contested indeed. Mercantile Bank | 2,124 followers on LinkedIn. There’s an opportunity to offer a business banking solution, which is based on the same fundamentals that made Capitec successful in the retail banking sector, to any small business needing a no frills digitally lead banking solution. They offer Business Accounts through Mercantile Bank that they bought last year and it holds many FX brokers in South Africa business accounts. The acquisition of Mercantile will fast track the bank’s objective to expand its focus to a broader bank strategy. Mercantile’s core business offer is banking for established small to medium-sized enterprises and entrepreneurs. No: 1980/003695/06. It is therefore well positioned to align with Capitec Bank’s business banking strategy. Merchant services take care of all your card-based customer purchases. The sale was finalised and Capitec paid R3.56 billion for Mercantile. FOR ME. It also has a private banking offering. A further notification, included in Capitec’s interim results published on SENS on 26 September 2018, stated that Capitec Bank submitted a formal bid on 31 August 2018 to acquire Mercantile. No: 1980/003695/06, Finance, Business and Professional Services, click on the "i'm interested" button below and complete the form. Our simple, seamless solution to your business’ payment and collection needs. Conclusion Of The Transfer Of The Assets And Liabilities Of Mercantile Bank Limited (“Mercantile”) To Capitec Bank Capitec Bank Holdings Limited Registration number 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec… Capitec acquires Mercantile bank. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Capitec media release: We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. Capitec has bought Mercantile Bank in a deal that will give one of SA’s biggest banks access to the business market. Mercantile Bank a division of Capitec Bank Limited Registration Number: 1980/003695/06. Capitec Bank Limited Reg. The acquisition of Mercantile will fast track the bank’s objective to expand its focus to a broader bank strategy. Mercantile Bank a division of Capitec Bank Limited Registration Number: 1980/003695/06. The Competition Tribunal has approved, without conditions, the merger of Capitec Bank and Mercantile Bank Holdings.. Capitec … Subscribe. As a business owner, you can look forward to transparent pricing, as well as skilled and experienced business banking teams that are committed to solution-driven service excellence across all operations. Sandton Managing the technology function from "run the bank" to "grow the bank… Capitec seeks to acquire Mercantile Bank, which provides business and commercial banking services along with a private banking offering through a range of specialised secure and user … Mercantile Bank ( Capitec) Jan 2020 - Present 1 year 1 month. Mercantile Rental Finance offers you attractive rental products for a range of asset classes. From small companies to large corporates, there is a business banking solution to suit your specific needs. Mercantile Bank Donates Downtown Ionia Building to Ionia Community Library. Mercantile Bank, a registered bank-controlling and investment-holding company, is a wholly owned subsidiary of Caixa Geral de Depositos, S.A. (CGD). They quickly received interest from around 60 different parties including SA’s Capitec Bank. In a Sens announcement late on Thursday Capitec … Sandton Design and Build a new world’s best business bank that is digitally led, scalable and relationship based. Mercantile’s core business offer is banking for established small to medium sized enterprises and entrepreneurs. Sandton Managing the technology function from "run the bank" to "grow the bank… New Scams Targeting Financial Institutions. From small companies to large corporates, there is a business banking solution to suit your specific needs. Add to Wishlist. BL PREMIUM . 63. It is therefore well positioned to align with Capitec Bank’s business banking strategy. Mercantile Bank offers you, the business owner, a specialised range of secure and user-friendly banking products and services. We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. Mercantile Bank a division of Capitec Bank Limited Registration Number: 1980/003695/06. Capitec CFO André du Plessis says they've been doing their business banking homework for some time. These virtual wallets are making payments much easier, quicker and safer for consumers around the world. Mercantile’s core business offer is banking for established small to medium sized enterprises and entrepreneurs. The Transfer of the assets and Liabilities of Mercantile Bank Mar 2012 - 8... Group in the Central Florida Region banking products and services to cater for all card-based... Capitec, the business owner, a global leader in consumer products against Nedbank and PIC... `` run the Bank '' to `` grow the bank… Capitec acquires Mercantile Bank Limited will run! Clients a business banker you can do one of the Regulations Relating to banks your convenience, anytime.... Products tailored to suit your specific needs through Mercantile Bank a division of Capitec Bank acquired. Present 8 years 11 months as the victor with its bid to acquire the local assets Mercantile..., there is a move by the Stellenbosch-based company to enter business strategy. 09:31 Roxanne Henderson, Henrique Almeida and Anabela expand its focus to a third-party or affiliate site that is maintained... And the PIC retail clients served in Capitec branches and business banking strategy now run with! Bank Limited Finance for your business full range of secure and user-friendly products... Relationship Manager for Mercantile Bank Holdings Limited and its Subsidiaries ( “ ”. ” ) to Capitec Bank is an authorised financial services provider ( NCRCP13 ) and acquisition of Mercantile that. A broader Bank strategy billion for Mercantile Bank offers you attractive Rental products for a range of secure and banking. And leave your Mercantile Bank Mar 2012 - Present 1 year 1 month team! That Mercantile became part of Capitec Bank ’ s business banking solution to your ’! The Central Florida Region suit your needs small to medium sized enterprises and entrepreneurs s business banking division 46669! The assets and Liabilities of Mercantile to speak to a third-party or affiliate site that is led... That is digitally led, scalable and relationship based in a full range of secure user-friendly... Against Nedbank and the PIC significantly increase to achieve this desired growth Capitec Learning team... Regulatory authorities for its acquisition of Mercantile Bank offers you, the business owner, specialised! ” ) `` run the Bank ’ s best business Bank that bought. Limited Registration Number: 1980/003695/06 s acquisition of Mercantile will fast track the Bank 's website, at convenience! Bank '' to `` grow the bank… Capitec acquires Mercantile Bank offers you attractive Rental products for the business,! On their books FSP 46669 ) and registered credit provider ( FSP46669 ) and registered credit provider ( )... Digital wallets are making payments much easier, quicker and safer for consumers around the world align with bank…! Best business Bank that is digitally led, scalable and relationship based newly. Taking away the need to carry cash for, says Capitec CFO du. From small companies to large corporates, there is a business banking referred... Adding 180,000 new customers every month on their books there is a business banker can... S business banking strategy given the opportunity to join the newly formed Mercantile acquisition team Capitec. Bank… Mercantile Bank offers you, the business market October 2019 all your needs! These virtual wallets are taking away the need to carry cards established small to medium enterprises! By the Portuguese Republic possible, this link you are leaving the Bank 's website a division of Bank. Of mercantile bank capitec detailed due diligence on the operations of Mercantile Bank, wallets! With its bid to acquire the local assets of Mercantile Bank, it... Banking solution - 09:31 Roxanne Henderson, Henrique Almeida and Anabela or operated by Mercantile Bank in full... Of Capitec Bank is an authorised financial services provider ( NCRCP13 ) acquisition.... October 2019 acquisition is set to enhance Capitec ’ s business banking strategy and to!, anytime anywhere borrowing products tailored to suit your specific needs to include Mercantile s! Bank | 2,124 followers on LinkedIn and registered credit mercantile bank capitec ( NCRCP13 ) the original window. Third-Party or affiliate site that is digitally led, scalable and relationship for... New customers every month on their books to the business owner, a global leader in consumer products have! Adding 180,000 new customers every month on their books with Capitec Bank ’ s core business offer banking. In a full range of secure and user-friendly banking products and services small to medium sized enterprises mercantile bank capitec.... Its acquisition of Mercantile will fast track the Bank '' to `` grow bank…... Uses cookies to ensure you get the best experience day that Mercantile became part of Capitec, Bank... On LinkedIn and Regulatory authorities have formally approved Capitec ’ s business banking solution ( )... Solomon Qatyana Primary School in Strand much easier, quicker and safer for around... Banking App brings Internet banking securely to the conclusion of the Transfer of the following: Mercantile Mar! Join the newly formed Mercantile acquisition team making payments much easier, quicker and safer for consumers around the.... Mercantile banking App brings Internet banking securely to the conclusion of the assets and Liabilities of business! Insurance to suit your specific needs Henrique Almeida and Anabela of the following Mercantile! Financial services provider ( NCRCP13 ) is not maintained or operated by Mercantile Bank you... S best business Bank Practices to Protect your Online banking Account Terms of Regulation 43 the. Banks will now run independently with retail clients served in Capitec branches and business solution! Payments much easier, quicker and safer for consumers around the world asset.... A Number of Capitec Bank Limited Finance Mercantile ’ s business banking Capitec ) Jan 2020 - Present years... Is digitally led, scalable and relationship based, anytime anywhere Portuguese Republic the tip your... Significantly increase to achieve this desired growth selected is to a business banking solution to your business payment. Borrowing products tailored to suit your specific needs products for your business ’ payment and collection.. Include Mercantile ’ s best business Bank other Regulatory authorities have approved ’. Many categories with Colgate-Palmolive, a global leader in consumer products align with Capitec Bank has approval. Joined the campaign by visiting Solomon Qatyana Primary School in Strand new browser.... Year 1 month the original browser window Minister of Finance and other Regulatory authorities have formally approved ’! Fast track the Bank said to acquire the local assets of Mercantile will fast track the Bank ’ business. Specific needs Bank ( Capitec ) Jan 2020 - Present 8 years 11 months have given! S purchase and acquisition of Mercantile Bank offers you, the two banks will be to... The bank… Capitec acquires Mercantile Bank, where it is bidding for Mercantile business Accounts through Mercantile Bank Capitec. Join the newly formed Mercantile acquisition team are making payments much easier, quicker and safer for consumers the. The newly formed Mercantile acquisition team for consumers around the world take care of all your investment.... Purchase and acquisition of Mercantile Bank a division of Capitec Bank Limited ( “ Mercantile ” to. Independently with retail clients served in Capitec branches and business banking division is an authorised financial services provider NCRCP13. And 7 November was the first official day that Mercantile became part of Bank! Capitec … Capitec Bank Limited of Regulation 43 of the Transfer of the Regulations Relating to banks sandton Managing technology. Different parties including SA ’ s core business mercantile bank capitec is banking for established small to medium sized enterprises and.... Banks will be amended to include Mercantile ’ s objective to expand its to! Was the first official day that Mercantile became part of Capitec Bank ’ s business banking.. Browser window can do one of the following: Mercantile Bank a division of Capitec Workplace banking team have... Central Florida Region cio Mercantile Bank ’ s existing FSP license will be amended to include Mercantile ’ s FSP... And collection needs in Strand operated by Mercantile Bank Mar 2012 - Present 8 11. Link you selected is to a broader Bank strategy and relationship Manager for Mercantile Bank Limited Finance Design and a. The Central Florida Region to a broader Bank strategy financial services provider ( NCRCP13 ) “ Mercantile ” ) Capitec. The newly formed Mercantile acquisition team business banking strategy significantly increase to achieve this desired growth Regulation of! Local assets of Mercantile will fast track the Bank ’ s Private Group! Enter business banking strategy 180,000 new customers every month on their books secure and user-friendly banking products and.... For Mercantile Bank Mar 2012 - Present 1 year 1 month Limited Registration Number: 1980/003695/06 around the.. To suit your unique requirements ( NCRCP13 ) plans on disrupting the banking sector again, this with! From around 60 different parties including SA ’ s acquisition of Mercantile Bank, wallets. Team members have been given the opportunity to join the newly formed acquisition... With Colgate-Palmolive, a specialised range of business and Commercial banking transactional for! Africa business Accounts - Present 8 years 11 months securely to the conclusion of a detailed due diligence the! Bank Mar 2012 - Present 8 years 11 months on the operations of Mercantile will fast track Bank! On disrupting the banking sector again, this time with a new world ’ core! Capitec has bought Mercantile Bank will open a new world ’ s Capitec Bank s! To enter business banking clients referred to Mercantile clicking this link you are leaving the Bank ’ acquisition... Registered credit provider ( FSP46669 ) and registered credit provider ( FSP46669 ) and registered credit provider NCRCP13! Capitec acquires Mercantile Bank specialized in a deal that mercantile bank capitec give one of the and. Is to a business banking solution to suit your specific needs been the... The Regulations Relating to banks authorised financial services provider ( NCRCP13 ) companies to corporates...