ABSA Firstrand Bank First National Bank Nedbank Standard Bank Wesbank
ABSA First Rand Group FNB Nedbank Standard Bank WesBank
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  • ABSA – A leading South African banking group with over 12 million retail and corporate customers. The Group offers financial products and services in RSA, Angola, Mozambique, Namibia, Tanzania and Zimbabwe.
  • African Bank Investments Ltd. (ABIL) – The country's largest credit bank, which operates in RSA, Zambia, Botswana, Lesotho, Namibia and Swaziland. The focus of the group is to underwrite largely unsecured credit risk through the provision of personal loans to the formally employed emerging market.
  • Al Baraka Bank – The pioneer of Islamic banking in South Africa, has been operating in RSA for over 20 years. It is a subsidiary of the Bahrain-based Al Baraka Banking Group.
  • Bidvest Bank – A leading specialist provider of travel foreign exchange and related services. It focuses on all major currencies through a correspondent global network.
  • Capitec Bank Holdings – A commercial bank headquartered in Stellenbosch, South Africa. As of February 2012, the company had R23.6 billion (US$3.2 bn) in total assets.
  • FirstRand Group – One of the largest financial institutions in the country. It includes FNB, Rand Merchant Bank, OutSurance, Momentum and WesBank.
  • First National Bank (FNB) – FNB is the oldest bank in South Africa and one of South Africa's "big four" banks. It now operates as a division of FirstRand Bank.
  • Grindrod Bank (GRDB) – A commercial bank in South Africa, established in 1994. It was originally known as Marriott Merchant Bank and changed its name to Grindrod Bank in November 2006.
  • HBZ Bank – A wholly owned subsidiary of Habib Bank AG Zurich. It was launched in South Africa in 1995 and maintains branches in Kwa-Zulu Natal and Gauteng and has a division specialising in Islamic Banking.
  • Investec Group – Investec is an international banking group, which is engaged in providing broad range of financial products and services. In 2002, it became the first South African company to list on both the London and Johannesburg stock exchanges. The group employs approximately 6,700 people worldwide.
  • Mercantile Bank Holdings – An investment holding company, providing international and domestic banking services to retail and corporate customers. It has two subsidiaries: Mercantile Bank and Mercantile Insurance Brokers that provides life insurance and short-term broking services. Mercantile Bank Holdings is a division of Caixa Geral de Depositos S.A.
  • MMI Holdings – A financial services group providing insurance, savings, asset management, investments, healthcare administration and employee benefits.
  • Nedbank Group – The South Africa’s fourth largest banking group measured by assets. The group offers a wide range of wholesale and retail banking services through five main business clusters.
  • Rand Merchant Bank (RMB) – RMB is a diversified financial services brand encompassing investment banking, fund management, private wealth management and advisory services. All businesses in the RMB brand stable form part of the wider FirstRand Group.
  • Sasfin Bank – A niche banking and financial services group headquartered in Waverley. The company serves both individuals and businesses, focusing on large corporate clients and high net worth individuals. Sasfin was founded in Johannesburg in 1951 by Sydney Sassoon – father of the current CEO Roland Sassoon.
  • South African Reserve Bank – The central bank of the RSA. It maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness.
  • Standard Bank Group – The largest bank in Africa by assets and earnings. It is universal bank and full-service financial group with operations in 17 African countries. Outside the African continent, the Bank's operations span 15 countries, with an emerging market focus. As of December 2011, it had total assets of US$185 billion.
  • Teba Bank (Ubank) – A South African bank operating in the microfinance sector. In October 2010, Teba Bank has officially changed its name to Ubank.
  • United Bank – Allied Bank, United Bank and Volkskas Bank stop trading under their own names, from this point they all trade under the name "ABSA".
  • WesBank – Wesbank was founded in 1968 and currently the largest provider of vehicle finance in South Africa, financing 1 in 3 new cars sold. The Bank operates as a division of FirstRand Bank.

The Largest Banks in South Africa

  The list below shows the top 15 largest banks in South Africa ranked by total assets as of December 31, 2011.

Rank Company Total Assets, US$bn Balance Sheet
1 Standard Bank Group 184.518 31.12.2011
2 Absa Group 97.241 31.12.2011
3 FirstRand  94.144 31.12.2011
4 Nedbank Group 80.110 31.12.2011
5 Investec Bank 31.335 31.12.2011
6 African Bank Limited (ABL) 6.086 31.12.2011
7 Citibank NA 5.663 31.12.2011
8 JPMorgan Chase Bank, NA (Johannesburg Branch) 3.498 31.12.2011
9 Hongkong and Shanghai Banking Corporation 3.136 31.12.2011
10 Deutsche Bank AG 3.028 31.12.2011
11 Capitec Bank Limited 2.748 31.12.2011
12 Standard Chartered Bank (Johannesburg Branch) 2.511 31.12.2011
13 Société Générale (Johannesburg Branch) 1.430 31.12.2011
14 China Construction Bank Corp (Johannesburg Branch) 1.399 31.12.2011
15 Bank of China Limited (Johannesburg Branch) 0.999 31.12.2011