South Africa as a country is blessed and endowed with a vibrant and healthy financial and banking system and industry. The free market economic policy has enabled banks and financial institutions of various sizes to blossom. There is however one banking institution that has growth in tandem with the country’s social, political and economic history and developoment.
The GBS Mutual bank of south Africa was established in 1877 and has now grown and established branches in Port Elizabeth, Grahamstown, Port Alfred and Cape Town. GBS Mutual Bank is also represented by reliable agencies in cities around South Africa. The initial objective of this bank was to help its members by using mutual contributions and assistance to build, purchase and rehabilitate their homes. This foundation has allowed GBS to grow a strong business portfolio with a focus on asset based finance and investments. This is done by offering mortgage finance for both small, commercial and residential purposes and also general asset based finance.
Apart from its major focus on asset based finance, GBS has also ventured into providing other financial solutions like ordinary savings account, special savings account, super saver account, transmission account, business transmission account, one day notice account, thirty two day notice account, fixed period shares, indefinite period paid up shares, subscription shares, short-term fixed deposits, personal loans, investment loans and installment sales and rentals.
The wide array of services provided by GBS Mutual Bank is impressive but the bank has continued to serve its clients with a very unblemished business reputation.
GBS can be contacted on 046 6227109.