The Banking Industry in South Africa 2018 - As of 31 December 2017, the Five Largest Banks Holds 91% of Total Assets - ResearchAndMarkets.com

September 4, 2018

DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The “The Banking Industry in South Africa 2018” report has been added to ResearchAndMarkets.com’s offering.

The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017.

While the country’s big banks dominate, the sector is also diversified with 36 South African banking institutions registered with the Reserve Bank and 30 foreign banks with approved representative offices in South Africa. There are over 6,000 credit providers registered with the National Credit Regulator.

The banking landscape is changing rapidly as banks face increasing competition from technology-based financial services - from newly established banks to retailers offering mobile transactional banking accounts.

Competition coming from newly-licensed commercial banks and growing credit granting from other credit providers is likely to encourage the big four banks to place increasing emphasis on growing customer numbers with innovative product offerings, especially to attract lower-income earners.

Competition from newly established Discovery Bank, Bank Zero and TymeDigital, which aim to disrupt the sector, may force big banks to intensify efforts to modernise technology platforms to satisfy customers’ demand.

Report Coverage

As well as focusing on developments in the commercial banking sector, the detailed Banking Industry report includes information on Other Credit Granting, Lease Financing, and Loyalty and Reward Programmes.

The report includes details on 90 organisations, fintech, digital banking, cryptocurrencies and other new technologies influencing the sector, as well as recent corporate actions and developments such as the demise of VBS Bank and the Competition Commission’s ongoing investigation into 17 banks relating to price fixing and market allocation in the trading of foreign currency.

It includes details on the restructuring of overseas shareholdings in local commercial banks, resulting in the reorganisation of the Old Mutual Group and sell-down by Barclays of its stake in Barclays Africa with implications for two of the big banks, Nedbank and Absa.

Key Topics Covered

1. Introduction

2. Description of the Industry

3. Size of the Industry

4. State of the Industry

5. Influencing Factors

6. Competition

7. SWOT Analysis

8. Outlook

9. Industry Associations

10. References

Companies Profiled

Absa Bank Ltd. African Bank Ltd. African Dawn Capital Ltd. Albaraka Bank Ltd. Ariva Rentals (Pty) Ltd. Bank of China Ltd. Bank of Taiwan BNP Paribas SA Canara Bank Capital Harvest (Pty) Ltd. Capitec Bank Ltd. Citibank NA Clicks Group Ltd. Comair Ltd. Diners Club (SA) (Pty) Ltd. Dis-Chem Pharmacies Ltd. Discovery Ltd. Edcon Ltd. Finbond Group Ltd. FirstRand Bank Ltd. Foschini Group Ltd. (The) Investec Bank Ltd. Lewis Group Ltd. NBC Holdings (Pty) Ltd. Nedbank Ltd. OSK Kooperatiewe Bank Ltd. Phakamani Foundation Pick n Pay Stores Ltd. Primedia (Pty) Ltd. SA Home Loans (Pty) Ltd. Transaction Capital Ltd. Ubank Ltd. VBS Mutual Bank Virtual Market Place (Pty) Ltd. and many more...

For more information about this report visit https://www.researchandmarkets.com/research/jbh8ks/the_banking?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005406/en/

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SOURCE: Research and Markets

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PUB: 09/04/2018 07:01 AM/DISC: 09/04/2018 07:01 AM


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