List of all Banks in South Africa

By | December 22, 2023
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South Africa boasts a robust and diverse banking sector, catering to the financial needs of individuals, businesses, and investors. Here is a list of commercial banks in the country categorized into locally controlled, cooperative, foreign-controlled, mutual, and state-owned banks.

Locally Controlled Banks

  1. Absa Group Limited: Absa Group is a prominent financial institution providing various banking and financial services in South Africa.
  2. African Bank Limited: African Bank focuses on providing accessible and innovative financial solutions to its customers.
  3. Bank Zero: As a digital bank, it is known for its technology-driven approach to banking services.
  4. Bidvest Bank Limited: Bidvest Bank offers a variety of financial products and services to individuals and businesses.
  5. Capitec Bank Limited: Capitec is a significant player in the South African banking industry, known for its simplicity and accessibility.
  6. Discovery Limited: Discovery Limited extends its services beyond traditional banking, offering diverse financial products.
  7. First National Bank (FNB): FNB is one of South Africa’s oldest and largest banks, providing a comprehensive suite of financial services.
  8. FirstRand Bank: A subsidiary of First Rand Limited, FirstRand Bank is a critical player in the South African financial landscape.
  9. RMB – Rand Merchant Bank: RMB focuses on providing corporate and investment banking services.
  10. Grindrod Bank Limited: Grindrod Bank contributes to the financial sector, focusing on niche markets.
  11. Imperial Bank South Africa: Imperial Bank provides financial services to businesses and individuals.
  12. Investec Bank Limited: Investec is a leading international bank offering various financial services.
  13. Mercantile Bank Limited: Mercantile Bank specializes in providing business and commercial banking solutions.
  14. Nedbank Limited: Nedbank is a well-established bank offering various financial products and services.
  15. Sasfin Bank Limited: Sasfin Bank caters to the financial needs of businesses and entrepreneurs.
  16. Standard Bank of South Africa: Standard Bank is one of the largest banks in South Africa, offering a comprehensive range of financial services.
  17. Ubank Limited: Ubank focuses on providing accessible banking solutions to its customers.
  18. TymeBank: TymeBank is known for its digital banking services, offering simplicity and convenience.
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Cooperative Banks

South Africa Reserve Bank registers the following cooperative banks:

  1. Ditsobotla Primary Savings and Credit Cooperative Bank
  2. KSK Koöperatiewe Bank Beperk
  3. OSK Koöperatiewe Bank Beperk
  4. Webbers Employees Savings and Credit Cooperative Bank
  5. Ziphakamise Savings and Credit Cooperative Bank
  6. GIG Cooperative Bank Ltd

Foreign-Controlled Banks:

South Africa hosts several foreign-controlled banks, contributing to the global financial landscape:

  1. Al Baraka Banking Group
  2. Habib Overseas Bank Limited
  3. Habib Bank AG Zurich
  4. Access Bank South Africa
  5. Bank of Baroda
  6. Bank of China
  7. Bank of Taiwan
  8. BNP Paribas
  9. Calyon Corporate and Investment Bank
  10. China Construction Bank Corporation
  11. Citibank N.A.
  12. Deutsche Bank AG
  13. JPMorgan Chase Bank
  14. Société Générale
  15. Standard Chartered Bank
  16. State Bank of India
  17. Hongkong and Shanghai Banking Corporation (HSBC)
  18. Colorado Bank

Foreign Bank Representatives:

The list of foreign bank representatives includes:

  1. AfrAsia Bank Limited
  2. Banco Africano de Investimentos
  3. Banco BIC
  4. Banco BPI SA
  5. Banco Espirito Santo e Comercial de Lisboa
  6. Banco Santander Totta S.A.
  7. Bank Leumi Le-Israel BM
  8. Bank of America
  9. Bank of Cyprus Group
  10. Bank of India
  11. Barclays Bank Plc
  12. Barclays Private Clients International Limited
  13. Commerzbank AG Johannesburg
  14. Credit Suisse AG
  15. Ecobank
  16. Export-Import Bank of India
  17. Fairbairn Private Bank (Isle of Man) Limited
  18. Fairbairn Private Bank (Jersey) Limited
  19. First Bank of Nigeria
  20. First City Monument Bank Plc
  21. Hellenic Bank Public Company Limited
  22. HSBC Bank International Limited
  23. ICICI Bank Limited
  24. Industrial and Commercial Bank of China
  25. KfW Ipex-Bank GmbH
  26. Lloyds TSB Offshore Limited
  27. Mauritius Commercial Bank Limited
  28. Mukuru Service
  29. Millennium BCP
  30. National Bank of Egypt
  31. NATIXIS
  32. Royal Bank of Scotland International Limited
  33. Société Générale
  34. Sumitomo Mitsui Banking Corporation
  35. The Bank of New York Mellon
  36. The Bank of Tokyo-Mitsubishi UFJ Limited
  37. The Mizuho Bank Limited
  38. The Export-Import Bank of China
  39. The Royal Bank of Scotland N.V.
  40. UBS AG
  41. Unicredit Bank AG
  42. Union Bank of Nigeria Plc
  43. Wells Fargo Bank
  44. Zenith Bank Plc
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Mutual Banks:

South Africa is home to several mutual banks:

  1. GBS Mutual Bank
  2. VBS Mutual Bank
  3. Finbond Mutual Bank
  4. Bank Zero

State-Owned Banks:

The banking sector in South Africa includes state-owned banks:

  1. Development Bank of Southern Africa
  2. Land and Agricultural Development Bank of South Africa
  3. Postbank