The South African banking sector is dominated by five major banks, Absa, Investec, Nedbank, FirstRand, and Standard Bank Group. As of March 2023, almost 90 percent of the country's banking assets were held by those banks. Furthermore, local branches of foreign banks had just over six percent of the banking sector's total assets.
Distribution of assets of banking sector in South Africa in 2023, by bank type
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SARB. (June 27, 2023). Distribution of assets of banking sector in South Africa in 2023, by bank type [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/
SARB. "Distribution of assets of banking sector in South Africa in 2023, by bank type." Chart. June 27, 2023. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/
SARB. (2023). Distribution of assets of banking sector in South Africa in 2023, by bank type. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/
SARB. "Distribution of Assets of Banking Sector in South Africa in 2023, by Bank Type." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/
SARB, Distribution of assets of banking sector in South Africa in 2023, by bank type Statista, https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/ (last visited December 31, 2024)
Distribution of assets of banking sector in South Africa in 2023, by bank type [Graph], SARB, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/915611/distribution-of-assets-south-african-banks-by-type/
