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The company launched as Virgin Money South Africa in 2006, as a partnership between Virgin Group (owners of the Virgin Money brand) and Absa, as an issuer of credit cards. [2] The 50-50 joint venture was worth R240 million at the time of launch. [3] By 2013 Virgin Money's customers had R1 billion in total credit. [4]
R 13.659 billion "PDF" (PDF). (866 KB) (2016) Number of employees. 11,440 [1] (2016) Website. www.capitecbank.co.za. Capitec Bank is a South African retail bank and financial services company. [2] As of February 2024 the bank was the largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts ...
FirstRand Bank - A subsidiary of First Rand Limited. FMB - Rand Merchant Bank. Grindrod Bank Limited. Imperial Bank South Africa. Investec Bank Limited. Ithala Bank. Mercantile Bank Limited - (Close down the brand and Capitec Bank taken over) Nedbank Limited. Old Mutual Bank Limited.
Number of employees. 3,886 (2019) [1] African Bank Limited, is a retail bank in South Africa, that offers financial products and services. The Bank is licensed as a "locally controlled bank" by the South African Reserve Bank (SARB). [3] Headquartered in Midrand, South Africa, the bank has a countrywide branch distribution network in addition to ...
Commercial banking in the country is dominated by the "big five" banks: Standard Bank, FirstRand, Absa, Nedbank, and Investec. As of March 2020, they control nearly 90% of the sector's total assets. [3]
Website. bankzero.co.za. Bank Zero, registered with the South African Reserve Bank in 2018, is an exclusively digital mutual bank in South Africa. It offers banking to both individuals and businesses. Bank Zero joins other new banks in South Africa, such as TymeBank and Discovery Bank. [1] Despite an original planned soft launch at the end of ...
Mercantile Bank Limited is a South African commercial bank, founded in 1965. [3] It was previously called Bank of Lisbon International. [3] The bank is headquartered in Sandton, South Africa, [1] and provides products and services in retail banking, corporate finance, asset management, equity brokerage and security.
Website. www.absa.africa. Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.