What is Banking Association?
A banking association means a state bank that is organized under this subtitle as a corporation, authorized to issue shares of stock, and controlled by its shareholders.
Banking Association Of South Africa Contact Details
Address: 3rd Floor Building D Sunnyside Office Park 32 Princess of Wales Terrace Parktown Johannesburg
2193 Gauteng
Number: Tel: +27 11 645 6700
Mail: PO Box 61674, Marshalltown Johannesburg 2107, South Africa.
What does the Banking Association of South Africa do?
The Banking Association South Africa (BASA) advances the interests of the industry with its regulators, legislators, and stakeholders, to make banking sustainable, profitable, and better able contribute to the social and economic development and transformation of the country.
How good is the South African banking system?
The South African banking sector is in remarkably good shape considering the global pandemic and the associated severe economic shock.
Capital, liquidity, and asset quality have been remarkably robust and although earnings fell markedly, we expect the rising interest rate cycle to be positive for banks’ earnings.
What is the best bank to bank within South Africa?
Absa is the best-performing bank in 2022 thus far, having yielded a 41% return over the period. Nedbank and Standard Bank are the second-best performing banks having returned 35.5% and 31.65% respectively year to date.