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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 per month.
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
Stanbic Bank Zimbabwe Ltd, part of Standard Bank Group; Standard Chartered Bank Zimbabwe Ltd, part of Standard Chartered Group; Steward Bank Ltd; ZB Bank Ltd (Zimbank) Central Africa Building Society (CABS), part of Old Mutual Group; FBC Building Society, part of the FBC Group; National Building Society, state-owned; People's Own Savings Bank ...
Investec consists of two areas of activity, namely: wealth, and investment and banking. [2] Its specialist banking divisions include private banking, for high net worth and high income individuals, and corporate and investment banking, providing lending, transactional banking, treasury and trading, advisory and investment services.
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The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country. [1] [2] Its economy is the largest in Africa, and the 34th-largest in the world. [3] In terms of purchasing power parity, South Africa has the seventh-highest per capita income in Africa.
The new stricter EU regulated capital requirements, applying towards all "credit institutions or investment firms" identified as being a D-SIB, basically adds further high quality Common Equity Tier 1 capital buffers on top of the above 10.5% Basel III minimum capital requirement, to be phased in during 2015–2019, with full effect for the ...
The bank was founded in Republic of South Africa in 1965. It obtained a banking licence in 1989; [6] and became a fully owned subsidiary of Mercantile Bank Holdings Limited, a bank holding company incorporated in January the same year. [3] In 1995, the bank merged with Bank of Lisbon International (BLI) – a bank established in 1965.