The business offering is now backed by a comprehensive transactional banking solution, which complements Investec's existing business-focused finance, forex, cash management, and private banking services – bringing Investec’s distinctive client-centric approach and full expertise to this market.
“While we are not known as a business bank, we now have a full end-to-end business proposition,” explains Richard Wainwright, CEO of Investec Bank Limited. “In fact, our team has worked on a fit-for-purpose solution for this hugely important, yet largely underserved market segment, and we are delighted to be able to launch our new Investec for your business proposition to the market. With this launch, Investec now offers a suite of business solutions tailored to your specific requirements, whether you are a medium-sized enterprise, a professional practice or a multi-faceted business.”
Despite the challenges posed by a difficult market last year, Investec has attracted significant business. Private Business accounts increased by 9.9% between March 2020 and March 2021. The lending book for the Investec for Business division grew by 11.2% over the same period. Cash investments also reached and outperformed targets over the last year.
“Our niche client base means our dedicated consultants are able to offer clients the exceptional client service and tailored solutions Investec prides itself on. We don’t believe mid-sized businesses currently have access to a private client experience anywhere in South Africa,” adds Wainwright.
Investec also provides clients with access to a sophisticated, secure and intuitive online platform via multiple digital channels, which improves the everyday transactional banking experience and simplifies the ease of doing business.
“We have crafted these services using our our high-tech, high-touch approach, which truly differentiates our offering. Customers can tailor-make their banking experience to suit their unique business needs with a blend of digital and human touch points. These capabilities not only improve operational efficiencies and support business objectives and aspirations, but ensures businesses have access to comprehensive offerings and expertise in complementary areas to unlock growth,” adds Wainwright.
In addition to transactional capabilities, the Investec for your business proposition extends to offering dynamic facilities to accommodate growth and inhouse supply chain management expertise and services.
“Navigating the complexity inherent in the current business environment poses an unprecedented challenge for business owners. In fact, making sense of resilience in a shifting environment is a challenge at the best of times,” continues Wainwright. “Businesses now have a banking partner in Investec for your business and we look forward to not only taking this strategy to market but working with this sector to explore untapped growth opportunities,” concludes Wainwright.