A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Find below are the list of Banks In South Africa
Standard Bank
African Bank DBN Anton Lembede Street
Standard Bank ATM
Absa bank
Standard Bank | Kingsmead Branch
FNB – ATM
Nedbank ATM Natal University
FNB Bank ATM Durban Technicon
Capitec Bank Durban Davenport Square
RMB Private Bank
How many banks are in South Africa?
There are 67 banks operating in the Republic of South Africa (RSA) including 17 local banks and 50 subsidiaries, branches and representative offices of foreign banks. Discovery, TymeBank and Bank Zero are the new challenger banks which were launched in 2019.
How many mutual banks are there in South Africa?
three mutual banks
At present there are only three mutual banks in South Africa: these include GBS Mutual Bank in Grahamstown, TNBS Mutual Bank in Umtata and a third bank situated in Louis Trichardt, namely Cash Bank.
What are commercial banks in South Africa?
List of Commercial Banks in South Africa
ABSA Group – Amalgamated Banks of South Africa.
African Merchant Bank (AMB)
Allfinanz Boutique.
Allied Bank.
Capitec Bank.
Development Bank of South Africa (DBSA)
FNB – First National Bank.
FNB BOB Bank.
Which is the safest bank in South Africa?
On overall customer satisfaction, Capitec (84.7 out of 100) scored best, followed by African Bank (83.4), Nedbank (81.1), and FNB (80.2). While Absa (78.6) and Standard Bank (77.7) improved their scores from 2019, they were below the industry average.
Which bank in SA is the best?
Capitec
South Africa’s best and worst banks according to customers Bank 2019 score
1 Capitec 84.0
2 African Bank 85.7
3 Nedbank 80.2