This is the complete list of banks in South Africa

Sipho Majija

Banks in South Africa are not as many as we have in other markets such as Nigeria and other economies in Sub-Saharan Africa.

There are four major banks in South Africa. As a matter of fact they are called ‘the big four’, because these large banking holding companies own 90% of the entire financial services industry.

While it is not the biggest in Africa, the South African economy is the most advanced in Africa with a larger investment capital flowing into its four major major banks.

President Jacob Zuma in his recent state of the union address said he is looking at allowing more banks to play in the market to curb the monopoly of the big four.

Despite the influence of the big four, South Africa has a wide participation of foreign banks and financial services group who are very much active in the country.

See below:

  • Absa Bank Limited
  • Albaraka Bank Limited
  • Habib Overseas Bank Limited
  • Habib Bank AG Zurich
  • Mercantile Bank Limited
  • South African Bank of Athens Limited
  • African Bank Limited
  • Bidvest Bank Limited
  • Capitec Bank Limited
  • FirstRand Bank – A subsidiary of First Rand Limited
  • Grindrod Limited
  • Imperial Bank South Africa
  • Investec Bank Limited
  • Nedbank Limited
  • Sasfin Bank Limited
  • Teba Bank Limited
  • Standard Bank of South Africa
  • AfrAsia Bank Limited
  • Banco Africano de Investimentos
  • 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
  • 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 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
  • 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
  • Royal Bank of Scotland