This is South Africa’s safest bank. CFA® And Chartered Financial Analyst® Are Registered Trademarks Owned By CFA Institute.Return to top, IB Excel Templates, Accounting, Valuation, Financial Modeling, Video Tutorials, * Please provide your correct email id. South African based, African Bank Limited is a retail bank that offers financial products and services to residents of South Africa. It oversees the operations of banks in South Africa, as well as works to achieve and maintain stability in domestic prices. 19% rise from the previous year and 23% as Return on Equity. It is a private sector commercial bank in South Africa licensed as a “Locally Controlled Financial Institution” by the Reserve Bank of South Africa. By subscribing, you consent to The Standard Bank of South Africa Limited’s use of your personal information to set up your subscription to our quarterly Insights Hub newsletter and to send you any additional information regarding the newsletter. Login details for this Free course will be emailed to you, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. Services offered by the bank are quite affordable which is why a large number of South Africans patronize the bank. We hope you liked this guide to top Banks in South Africa. The Bank has total assets of around R16.68 Billion (USD 1.3 Billion) as of 31st December 2017. 1. The South African Reserve Bank is a Central Bank of the Republic of South Africa and it was established in 1921. It is one of the largest Banks in South Africa with Market Capitalisation of R128 Billion as on 31st December 2017. The Group has accomplished the total comprehensive income of R28.79 Billion for the year ending as on 30th June 2018 i.e. Switch to FNB Do it now! If you are looking forward to making a career in Banking, then you can check out some of the awesome resources –, Copyright © 2020. Bank accounts usually charge fees and you can typically find a range of deals or packages for South African bank accounts, such as free withdrawals. It is a subsidiary company of African Bank Holdings Limited. As of June 30, 2017, it had total assets of ZAR 1.95 trillion. Archaeologists have recovered extensive fossil remains from a series of caves in Gauteng Province.The area, a UNESCO World Heritage site, has been branded "the Cradle of Humankind".The sites include Sterkfontein, one of the richest sites for hominin fossils in the world. The company also provides commercial and investment banking activities in Africa and as per audited financial statements of 2018, the headline earnings are up 18% to R4.46 Billion and Return on Equity is 27%. It’s headquarter is located in Johannesburg, South Africa. African Bank Limited is a private sector financial service provider retail bank offering a wide range of products and services to the consumers of South Africa including loans, investment, debit, and credit card services. The bank offers direct initiatives such as banking solutions and community development projects to the South African community. South Africa is one of the great examples of the organized banking sector with a steady economic growth just like the United States and has various kind of banks like Mutual Banks, Co-operative Banks, Foreign Banks, Private Banks including Commercial Banks, Merchant Banks and Other Banks operating therein with more than R5 Trillion assets. Swift Codes for banks in SOUTH AFRICA - ZA BIC Codes. The South Africa portfolio has five active projects valued at $4.1 billion, comprising two International Bank for Reconstruction and Development (IBRD) financed projects ($3.8 billion) and three trust-funded projects ($300m). 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