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List Of Banks In South Africa

What are the List Of Banks In South Africa ? Banks In South Africa are now abundance in the country …Thus One May ask what marks the Top Banks In SA ? The requirement for a bank to become the best in south Africa is by its local and International reserves , Its Performance etc..

How many banks are in South Africa?

There are 67 banks operating in the Republic of South Africa (RSA) including 17 local banks and 50 subsidiaries, branches and representative offices of foreign banks.

What are the four main banks in South Africa 2021?

According to PwC, which analysed the financial performance of the big four banks – Absa, FirstRand, Nedbank and Standard Bank – in the first half of 2021, these companies had prepared themselves for the worst.

2023 Top Banks In SA

Here are the Top Banking Institutions In South Africa and Their Details

Standard Bank Group

The Standard Bank of South Africa Limited is a major South African bank and financial services group founded by John Paterson on October 15, 1862 . It is Africa’s biggest lender by assets. The company’s corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.

How many branches does Standard Bank have?It’s one of the largest banks in Namibia and operates from more than 50 branches.

FirstRand Group

FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa founded in 1998. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.

Is FirstRand Bank and FNB the same? FNB trades as a division of FirstRand Bank Limited. Who are FNB stakeholders? The group has two corporate shareholders (Royal Bafokeng Holdings and Remgro), which hold their FirstRand shares in multiple accounts (five in total).

ABSA Group

Absa Group Limited, and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bank assurance.

Which banks merged to form Absa?Absa was founded in 1991 through the merger of financial service providers United Bank (South Africa), the Allied Bank (South Africa), the Volkskas Bank Group and certain interests of the Sage Group.

Nedbank Group

NBS formely known as The Netherlands Bank of South Africa (NBSA) was one of the largest Independent banks in South Africa before it went through a series of mergers starting in 1998 to become part of Nedbank by 2004. It was headquartered in Durban.

Investec

Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange.

Capitec Bank

Capitec Bank is a South African retail bank. As of August 2017 the bank was the second largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.

List Of Banks In South Africa

Locally controlled Banks
Co-operative banks
  • Ditsobotla Primary Savings and Credit Co-operative Bank
  • OSK Koöperatiewe Bank Beperk
Foreign-controlled banks
  • Al Baraka Banking Group
  • Habib Overseas Bank Limited
  • Habib Bank AG Zurich
  • Mercantile Bank Limited
  • South African Bank of Athens Limited
Branches of foreign banks
  • Bank of Baroda
  • Bank of China
  • Bank of Taiwan
  • BNP Paribas
  • Calyon Corporate and Investment Bank
  • China Construction Bank Corporation
  • Citibank N.A.
  • Deutsche Bank AG
  • JPMorgan Chase Bank
  • Société Générale
  • Standard Chartered Bank
  • State Bank of India
  • Hongkong and Shanghai Banking Corporation (HSBC)
Foreign Bank Representatives
  • AfrAsia Bank Limited
  • Banco Africano de Investimentos
  • Banco BIC
  • Banco BPI SA
  • Banco Espirito Santo e Comercial de Lisboa
  • Banco Santander Totta S.A.
  • Bank Leumi Le-Israel BM
  • Bank of America
  • Bank of Cyprus Group
  • Bank of India
  • Barclays Bank Plc
  • Barclays Private Clients International Limited
  • Commerzbank AG Johannesburg
  • Credit Suisse AG
  • Ecobank
  • Export-Import Bank of India
  • Fairbairn Private Bank (Isle of Man) Limited
  • Fairbairn Private Bank (Jersey) Limited
  • First Bank of Nigeria
  • First City Monument Bank Plc
  • Hellenic Bank Public Company Limited
  • HSBC Bank International Limited
  • ICICI Bank Limited
  • Industrial and Commercial Bank of China
  • KfW Ipex-Bank GmbH
  • Lloyds TSB Offshore Limited
  • Mauritius Commercial Bank Limited
  • Mukuru
  • Millennium BCP
  • National Bank of Egypt
  • NATIXIS
  • Royal Bank of Scotland International Limited
  • Société Générale
  • Sumitomo Mitsui Banking Corporation
  • The Bank of New York Mellon
  • The Bank of Tokyo-Mitsubishi UFJ Limited
  • The Mizuho Bank Limited
  • The Export-Import Bank of China
  • The Royal Bank of Scotland N.V.
  • UBS AG
  • Unicredit Bank AG
  • Union Bank of Nigeria Plc
  • Wells Fargo Bank
  • Zenith Bank Plc
Mutual banks
  • GBS Mutual Bank
  • VBS Mutual Bank
  • Finbond Mutual Bank
  • Bank Zero
Other banks
  • Development Bank of Southern Africa
  • Land and Agricultural Development Bank of South Africa
  • Postbank

Source….Scoutafrica.net

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