We don’t have the top 10 Best Banks in South Africa 2019 list but we have the top 5 best banks in SA.
While some banks offer excellent services to their customers, customers of others have to go through more difficulties in order to enjoy banking services. The top banks offering excellent banking services to South Africans are discussed below
1. Standard Bank
The Standard Bank Group Limited is the top bank in South Africa. It leads the pack when it comes to offering top class banking services to South Africans as well as the global community. The banking group is made up of three excellent units offering banking services to South Africans.
The units making up the group are, Personal and Business Banking, Corporate and Investment banking and Liberty Holdings Limited. Some of the services offered by the bank include transactional banking services, saving, borrowing and lending, investment, insurance services, risk management, wealth management as well as advisory services.
2. Absa Group Limited
The Absa group was formerly known as Barclays Africa Group Limited. It is one of South Africa’s financial services offering such services as personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The banking group which was established in 1991 has a long history of banking excellence.
The bank offers direct initiatives such as banking solutions and community development projects to the South African community. This has positioned it to become the second best bank in South Africa in terms of investments and assets. Services offered by the bank are quite affordable which is why a large number of South Africans patronize the bank.
3. Firstrand Bank Group
Established in 1998, FirstRand bank group has grown to become one of the leading banks in South Africa. It has managed to improve the local community as well as the country’s economy through the services it offers. The bank has made several investments from RMI Nigeria group to several other new franchises. The bank offers insurance products and personal banking solutions to businesses and individuals in addition to its main banking services. This has aided its growth and widen its investments. Definitely still one of the top and best banks in South Africa 2019
4. Nedbank Group
Nedbank Group is the fourth bank on our list of Best Banks In South Africa. It is one of the wealthiest banks in South Africa. It has a strong and well-connected banking network throughout South Africa. It has its main headquarters in Johannesburg and has two regional centers in Cape Town and Durban. Within the Nedbank group are Nedbank Banking Limited, Go Banking and BoE Private Clients.
The group was founded in 1969 and it offers retail and wholesale banking services to its large number of clients. Even though the main focus of the group is on offering banking services to its clients, it engages in other business activities such as job creations, investments and project financing.
Capitec Banking Group
The bank was originally set up to offer personal and retail services, however, it has expanded its operations and surpassed other giants in the banking industry of South Africa. It is fifth on our list as the bank is ranked within the top 5 South African banks by financial analysts and business corporations.
The bank majorly offers banking services for retails to people in the local community. This has aided the development of local markets and also the satisfaction of clients. The services are top notch;thi is why it made our list of Best Banks In South Africa.