Number of bank customers in South Africa 2021-2022, by key financial institution

Published by
Natalie Cowling,
Jun 30, 2024

As of December 2022, Standard Bank of South Africa, the largest financial institution in Africa in terms of assets, had 10 million clients in the country. Furthermore, Capitec bank had the largest number of customers in South Africa, reaching 19 million as of August 2022. However, the bank only held 2.7 percent of the share of the total deposits in 2021.

Number of bank customers in leading South African banks as of 2021 and 2022 (in millions)

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Release date

December 2022

Region

South Africa

Survey time period

2021 and 2022

Supplementary notes

* As of December 2021.
** As of February 2022.
*** As of June 2022.
**** As of August 2022.

Data has been compiled by Statista using the following sources:
Standard Bank Group (page 40)
FirstRand (Page B19)
ABSA Group (Page 78)
NedBank Group (Page 89)
Capitec (Page 23)
Investec

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