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This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
TymeBank is a South African digital bank aimed at the lower income market. [1] [2] Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, and Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process.
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [ 1 ] Legislation and regulatory authorities
The bank was founded in 1888, in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). [3] In August that year, the bank opened an agency in Church Street, Pretoria, South Africa with its mission being to provide credit and banking in and with South Africa. [3]: 69 In 1903 ...
Following on the recommendations of the committee, the South African Reserve Bank opened for business on 30 June 1921, making it the oldest central bank in Africa. The first banknotes were issued to the public by the Bank on 19 April 1922. Set of ZAR notes 2012 to present R 104 000 000 000.00 and Set of ZAR notes 2018 to present 400 000 000 print.
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First National Bank (South Africa) Indo-Zambia Bank Limited; Zambia Industrial Commercial Bank; International Commercial Bank; Investrust Bank; Stanbic Bank; Standard Chartered Bank (Zambia) United Bank for Africa [114] Zambia National Commercial Bank
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...