What is the name of the first private bank in South Africa?

Bank Investec Bank Ltd

How many banks are in South Africa?

According to the Prudential Authority, there are currently 31 banking entities in South Africa – 18 local banks, and 13 local branches of foreign banks. In addition, there are four entities operating at mutual banks – though this include VBS, which has not yet deregistered, it said.

What is the number 1 bank in South Africa?

Investec saw a 40.7% gain in Tier 1 capital to $3.05 billion (from $2.17 billion before) and now ranks 400th overall. Capitec, meanwhile, re-entered the top 1,000 banks, ranking 558th overall with $1.9 billion in Tier 1 Capital.

These are South Africa’s biggest banks in 2021.

# 400
Bank Investec
2020 Tier 1 Capital $m 2 167
2021 Tier 1 Capital $m 3 050
Change +40.7%

What are the names of banks in South Africa?


  • Absa Group Limited.
  • African Bank Limited.
  • Bidvest Bank Limited.
  • Capitec Bank Limited.
  • Discovery Limited.
  • First National Bank.
  • FirstRand Bank – A subsidiary of First Rand Limited.
  • Grindrod Bank Limited.
IMPORTANT:  Why is South Africa interesting?

Who are the big 4 banks in South Africa?

In South Africa, the “big four” are:

  • Absa Group Limited, majority owned by Barclays between 2005 and early 2018.
  • FirstRand Bank, operators of First National Bank.
  • Nedbank, minority-owned by Old Mutual.
  • Standard Bank, spin off from Standard Chartered Bank in 1987.

What was FNB called before?

The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a “locally controlled bank” by the South African Reserve Bank, the national banking regulator.

Who are the owners of the banks in South Africa?

South African Reserve Bank

show 10 other official names:
Ownership Privately owned.
Governor Lesetja Kganyago
Central bank of South Africa
Currency R ZAR (ISO 4217)

Which bank in South Africa has the lowest bank charges?

The cheapest bank accounts in South Africa in 2021 – withdrawals vs deposits vs monthly fees

Nedbank PAYU Account 2020 Fees 2021 Fees
Deposit (ATM) R1.00 / R100 R1.20 / R100
Debit order (internal) Free Free
Debit order (external) R5.50 R5.50
Monthly account fee (PAYT) Free Free

What is the best savings account in South Africa?

9 Best South African Savings Accounts That Pay The Highest Interest Rates

Bank: Account Type: Interest Rate:
First National Bank Savings Account 3% – 7.8%
Nedbank Savings Account 2.75% – 7.51%
Capitec Global One Savings Account 2.25%
Standard Bank Savings Account 1.35% – 6.42%

Is there a Santander Bank in South Africa?

Company Details

SANTANDER TOTTA BANK is located in 20 Zulberg Cl Bruma Sandton 2198, P.O. Box 309 Bruma Sandton 2026, South Africa. Company is working in business activities.

IMPORTANT:  How long is the African Queen boat?

Which Bank is the best in Africa?

Standard Bank maintained its position as Africa’s largest lender on the continent — a position it has held for over 20 years — with a 5.8% gain in its Tier 1 capital base.

Which are the big 5 banks in South Africa?

Below is a list of the biggest banks in the economy.

  • Standard Bank Group.
  • FirstRand.
  • ABSA Group.
  • Nedbank Group.
  • Capitec.
  • Investec Bank.
  • African Bank Limited.
  • Grindrod Bank.
African stories