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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
Access Bank South Africa, formerly known as Grobank Limited, and Bank of Athens (South Africa) before that, is a commercial bank in South Africa. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator. The bank began commercial operations in June 2021, following the acquisition of a retail commercial ...
Access Bank successfully concluded its 3rd public offering in 2008, raising more than US$1 billion. In 2009, Access Bank merged with the Intercontinental Commercial Bank (ICB) [17] and was listed the same year (2012) [18] on the LSE (London Stock Exchange). A 350 million dollars Eurobond was also successfully raised in parallel.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. . Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the
Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9] The 118,000 former credit card customers, with R750 million in total credit, were transferred to Absa's own credit card offering.
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 J.P. Morgan Reserve Card was one of the first U.S. credit cards to adopt EMV smart chip technology. With its brass construction and palladium plating, the card weighs 1 ounce or 28.35 grams, five times the weight of a conventional plastic credit card and twice the weight of the titanium constructed American Express Centurion Card.
The Mzansi Account is a low income transactional banking account that was developed in line with the commitments of South Africa's Financial Sector Charter.The Financial Sector Charter requires banks to make banking more accessible to the nation and, specifically, to increase banking reach to all communities.