BKB stands for Boere Krediet Bank (English: Farmer Credit Bank), which was founded in 1914 and under that name, the company serviced South African farmers. Through this initiative it is our mission to support agricultural growth in South Africa by providing financing and banking services that are adapted to the needs of farmers and the agricultural sector.
In order to achieve this, we provide financial services through four key pillars:
- Banking – we offer products such as loans, deposits, term accounts and debit cards. We also offer smart banking solutions like cash management accounts and business current accounts;
- Insurance – consider us your one-stop shop for all your insurance requirements;
- Wealth Management – we can assist you with investments in shares/equities or property;
- Agriculture & Rural Development – BKB supports young professionals who want to make a difference by creating sustainable agriculture projects within rural communities using our funding schemes such as TAURAS (Teach A Rural African Skills) or through our network of experts from across various sectors including agriculture education training providers who have been trained by BKB locally or overseas
Now the brand is known more broadly as BKB.
- Early in its history, the brand was known more broadly as “BKB”.
- It is now more commonly referred to as BKB.
- It is an acronym for Boere Krediet Bank (Afrikaans for “Boer’s Credit Bank”), which was the name of the original bank.
- BKB is a South African subsidiary of FirstRand Group Limited, a large financial services conglomerate.
The head office is situated in Potchefstroom, with offices in Britstown, Augrabies, Kimberley and Cape Town. The company has been in business for 100 years and is known for its agriculture expertise.
The South African government-owned RMB Group acquired BKB in August 2011 after the collapse of ABSA Bank following the 2008 financial crisis.
