Banks
in South Africa
This directory
of banks as financial institutions in South Africa is organised as follows:
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For bank branches and branch codes,
Bankserv (an interbank service company) provides a bank Branch
Address search facility. A full list can be downloaded on
application. *
Banks which wish to be added to this directory or have their entry
changed click here.
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This
information has been updated and is now available on:
Keep Abreast of ...The new Financial Sector Forum Website
The new Financial Sector Forum at http://www.financialsectorforum.com consolidates two existing websites: The existing Financial Sector Forum at http://www.finforum.co.za (here) and South Africa: Financial Institutional Structure at http://reservebanksa.blogspot.com. This action was necessitated by a lack of funding.
Recent posts on the new Financial Sector Forum website include:
This site also links to sister website, The Financial Regulation Forum at http://www.financialregulationforum.com
The Financial Regulation Forum Website
Recent posts on the new Financial Regulation Forum website include:
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Topical:
Why banks are special
Banks are bound to fail from time to time.
According to research by Morgan Stanley and Oliver Wyman, investment
banks will be more severely affected by this crisis than by any other
period of turmoil for at least 20 years.
Other industries have gone through similarly turbulent times: airlines
in the wake of the terrorist attacks on September 11th 2001,
technology firms when the dotcom bubble burst. Even within the
financial sector the banks are not the only ones currently suffering:
hedge funds, insurers, asset managers and private-equity firms have
been hit too. But banks are special.
The first reason for that is the inherent fragility of their
business model. Bear Stearns, an institution with a long record of
surviving crises, was brought to its knees in a matter of days as
clients and counterparties withdrew funding. Even the strongest bank
cannot survive a severe loss of confidence, because the money it owes
can usually be called in more quickly than the money it is owed. HBOS,
a big British bank with a healthy funding profile, watched its shares
plummet on a single day in March as short-sellers fanned rumours that
it was in trouble. It survived, but the confidence trick on which
banking depends—persuading depositors and creditors that they can
get their money back when they want—was suddenly laid bare.
The second reason why banks are special is that they do lots of
business with each other. In most industries the demise of a
competitor is welcomed by rival firms. In banking the collapse of one
institution sends a ripple of fear through all the others. The sight
of customers queuing last September to withdraw their money from
Northern Rock, a British bank, sparked fears that other runs would
follow.
The third and most important reason is the role that banks play
as the wheel-greasers of the economy, allocating and underwriting
flows of credit to allow capital to be used as productively as
possible. That process has now gone into reverse. Banks have seen
their capital bases shrink as write-downs have eaten into equity and
off-balance-sheet assets have been reabsorbed. Now they need to
restore their capital ratios to health to satisfy regulators and to
reassure customers and investors.
NB
Click to see how to keep your
Internet banking session secure
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If you are
interested in banks you may be interested in financial regulation
See The
Financial Regulation Forum - inspired by Teaching
Sells and hosted in
the US by Bluehost
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Monetary authority
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South African Reserve Bank
For a comparison of some central banks see South Africa: Financial Institutional Structure.
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www.reservebank.co.za |
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Corporation for Public Deposits
(see SA Reserve Bank) |
n/a |
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Locally controlled banks
(registered in terms of the Banks Act)
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also
see Reserve
Bank |
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Absa Bank Ltd - now a
foreign controlled bank, see below |
www.absa.co.za |
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African Bank Ltd |
www.africanbank.co.za |
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BoE Private Clients (a division
of Nedbank) |
www.boeprivateclients.co.za |
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Bidvest
Bank Limited |
www.bidvest.co.za |
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Capitec Bank Ltd |
www.capitecbank.co.za |
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Fairbairn Private Bank (a
division of Nedbank) |
www.fairbairnpb.com |
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FirstRand Bank Ltd |
www.firstrand.co.za |
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First National Bank (a division of
FirstRand Bank) |
www.fnb.co.za |
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Imperial Bank Ltd (a subsidiary of
the Nedbank Group) |
www.imperialbank.co.za |
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Investec Bank Ltd |
www.investec.com |
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Marriott
Corporate Property Bank Ltd.
(a subsidiary of Marriott Holdings Ltd.) |
www.marriott.co.za |
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MEEG Bank Ltd |
www.meegbank.co.za |
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Nedbank Group Ltd |
www.nedbankgroup.com |
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Nedbank (a division of the Nedbank
Group) |
www.nedbankgroup.com |
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Old Mutual Bank (a division of
Nedbank) |
www.oldmutual.co.za/ombank |
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Peoples Bank (included in Nedbank) |
n/a |
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Go Banking (a
division of Nedbank in association with Pick 'n Pay) |
www.gobanking.co.za |
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Rand Merchant Bank (a division of
FirstRand Bank) |
www.rmb.co.za |
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Regal Treasury Private Bank Ltd
(in liquidation) |
none |
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Rennies Bank Ltd (now
a division of Bidvest Bank) |
www.bidvest.co.za |
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RMB Private Bank (a division of
FirstRand Bank) |
www.rmbprivatebank.co.za |
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Sasfin Bank Ltd |
www.sasfin.co.za |
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Standard Bank of SA Ltd, The |
www.standardbank.co.za |
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TEBA Bank Ltd |
www.tebabank.co.za |
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Wesbank (a division of FirstRand
Bank) |
www.wesbank.co.za |
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Foreign controlled banks
(registered in terms of the Banks Act)
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also
see Reserve
Bank |
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Absa Bank Ltd (a member of
Barclays Bank Group) |
www.absa.co.za |
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Albaraka Bank Limited |
www.albaraka.co.za |
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Habib Overseas Bank Limited |
www.habibbank.com |
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HBZ Bank Limited (a subsidiary of
Habib Bank) |
www.hbzbank.co.za |
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Islamic Bank Limited (in
liquidation) |
none |
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Mercantile Bank Limited |
www.mercantile.co.za |
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South African Bank of Athens
Limited, The |
www.bankofathens.co.za |
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Branches of foreign banks
(registered in terms of the Banks Act)
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also
see Reserve
Bank |
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ABN AMRO Bank N.V. |
www.abnamro.com |
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Bank of Baroda |
www.bankofbaroda.com |
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Bank of China, Johannesburg
Branch |
www.bank-of-china.com |
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Bank of Taiwan, SA Branch |
www.bot.com.tw/english |
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Barclays Bank plc (now
incorporated
into Absa Bank) |
www.barclays.com |
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Calyon Corporate and Investment
Bank SA |
www.calyon.com |
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China Construction Bank,
Johannesburg Branch |
www.ccbjhb.com |
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Citibank N.A. |
www.citibank.co.za |
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Commerzbank Aktiengesellschaft |
www.commerzbank.com |
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Deutsche Bank AG |
www.db.com |
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HSBC Bank plc, Johannesburg
Branch |
www.hsbc.com |
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JPMorgan Chase Bank,
N.A., Johannesburg Branch |
www.jpmorgan.com |
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Société Générale,
Johannesburg Branch |
www.socgen.com |
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Standard Chartered
Bank, Johannesburg Branch |
www.standardchartered.com |
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State Bank of India |
www.statebank.co.za |
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Representative offices of foreign banks
(registered in terms of the Banks Act)
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also
see Reserve
Bank |
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To be provided - see
Reserve
Bank |
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Mutual banks
(registered in
terms of the Mutual Banks Act)
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also
see Reserve
Bank |
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GBS Mutual Bank |
www.gbsbank.co.za |
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VBS Mutual Bank |
www.vbsmutualbank.co.za |
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Other banks
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Development Bank of Southern
Africa |
www.dbsa.org |
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Land and Agricultural Development
Bank of South Africa |
www.landbank.co.za |
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Postbank |
www.sapo.co.za |
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Savings and credit co-operatives (SACCOs)
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See The Savings and
Credit Cooperative League of SA (SACCOL) |
www.saccol.org.za |
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Bank related
organisations
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