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Banks in South Africa

This directory of banks as financial institutions in South Africa is organised as follows:

Monetary Authority
Locally controlled banks
Mutual banks
Foreign controlled banks
Branches of foreign banks
Representative offices of foreign banks
Other banks
Savings and credit co-operatives (SACCOs)
Bank related organisations

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.
  

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:
Nedbank: Producer Price Inflation
Absa: House price indices
Nedbank Weekly Economic Monitor
Absa: SA Morning Sheet – daily economic comment
Nedbank: Consumer Inflation
South Africans richer since 1994
Gordhan: SA needs to create jobs
Nedbank Weekly Economic Monitor
Absa: SA Morning Sheet – daily economic comment
SACCI Trade Conditions Survey
Stop the Afro-pessimism, says Zuma
Amid the Africa hype, a contrarian view
Nedbank: Mining production
Nedbank: Manufacturing production
Jitters over global pace of recovery roil markets
IMF World Economic Outlook

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:

: Banks: Telling Strength From Weakness
: Global Financial Stability Report
: Implementation of stress testing practices by supervisors
: Enhancing the contribution of external audit to financial stability
: New centre to tackle major economic challenges
: Developing Tools for Dynamic Capital Supervision
: BoE Payment Systems Oversight Report
: IMF World Economic Outlook
: Inertia and Coordination Problems in Payment Networks
: Towards a Financial Transactions Tax?
: Basel III implementation
: PM urged to defend City over EU rules
: Bernanke college lecture series: Testimony of the the Fed on regulatory reform
: A Long Road to Regulating Derivatives
: QE is ‘decisively working’ say CBP panellists
: Barriers to Change in the Financial Sector

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  

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

Teaching Sells


Monetary authority

South African Reserve Bank

For a comparison of some central banks see South Africa: Financial Institutional Structure.

www.reservebank.co.za
Corporation for Public Deposits (see SA Reserve Bank) n/a


Locally controlled banks
(registered in terms of the Banks Act)

also see Reserve Bank
                  

Absa Bank Ltd - now a foreign controlled bank, see below www.absa.co.za
African Bank Ltd www.africanbank.co.za
BoE Private Clients (a division of Nedbank) www.boeprivateclients.co.za
Bidvest Bank Limited www.bidvest.co.za
Capitec Bank Ltd www.capitecbank.co.za
Fairbairn Private Bank (a division of Nedbank) www.fairbairnpb.com
FirstRand Bank Ltd www.firstrand.co.za
First National Bank (a division of FirstRand Bank) www.fnb.co.za
Imperial Bank Ltd (a subsidiary of the Nedbank Group) www.imperialbank.co.za
Investec Bank Ltd www.investec.com
Marriott Corporate Property Bank Ltd.
  (a subsidiary of Marriott Holdings Ltd.)
www.marriott.co.za
MEEG Bank Ltd www.meegbank.co.za
Nedbank Group Ltd www.nedbankgroup.com
Nedbank (a division of the Nedbank Group) www.nedbankgroup.com
Old Mutual Bank (a division of Nedbank) www.oldmutual.co.za/ombank
Peoples Bank (included in Nedbank) n/a
Go Banking (a division of Nedbank in association with Pick 'n Pay) www.gobanking.co.za
Rand Merchant Bank (a division of FirstRand Bank) www.rmb.co.za
Regal Treasury Private Bank Ltd (in liquidation) none
Rennies Bank Ltd (now a division of Bidvest Bank) www.bidvest.co.za
RMB Private Bank (a division of FirstRand Bank) www.rmbprivatebank.co.za
Sasfin Bank Ltd www.sasfin.co.za
Standard Bank of SA Ltd, The www.standardbank.co.za
TEBA Bank Ltd www.tebabank.co.za
Wesbank (a division of FirstRand Bank) www.wesbank.co.za


Foreign controlled banks
(registered in terms of the Banks Act)

also see Reserve Bank
                  

Absa Bank Ltd (a member of Barclays Bank Group) www.absa.co.za
Albaraka Bank Limited www.albaraka.co.za
Habib Overseas Bank Limited www.habibbank.com
HBZ Bank Limited (a subsidiary of  Habib Bank) www.hbzbank.co.za
Islamic Bank Limited (in liquidation) none
Mercantile Bank Limited www.mercantile.co.za
South African Bank of Athens Limited, The www.bankofathens.co.za


Branches of foreign banks
(registered in terms of the Banks Act)

also see Reserve Bank
ABN AMRO Bank N.V. www.abnamro.com
Bank of Baroda www.bankofbaroda.com
Bank of China, Johannesburg Branch www.bank-of-china.com
Bank of Taiwan, SA Branch www.bot.com.tw/english
Barclays Bank plc (now incorporated into Absa Bank) www.barclays.com
Calyon Corporate and Investment Bank SA www.calyon.com
China Construction Bank, Johannesburg Branch www.ccbjhb.com
Citibank N.A. www.citibank.co.za
Commerzbank Aktiengesellschaft www.commerzbank.com
Deutsche Bank AG www.db.com
HSBC Bank plc, Johannesburg Branch www.hsbc.com
JPMorgan Chase Bank, N.A., Johannesburg Branch www.jpmorgan.com
Société Générale, Johannesburg Branch www.socgen.com
Standard Chartered Bank, Johannesburg Branch www.standardchartered.com
State Bank of India www.statebank.co.za


Representative offices of foreign banks
(registered in terms of the Banks Act)

also see Reserve Bank
To be provided - see Reserve Bank


Mutual banks
(registered in terms of the Mutual Banks Act)

also see Reserve Bank
GBS Mutual Bank www.gbsbank.co.za
VBS Mutual Bank www.vbsmutualbank.co.za


Other banks

Development Bank of Southern Africa www.dbsa.org
Land and Agricultural Development Bank of South Africa www.landbank.co.za
Postbank www.sapo.co.za


Savings and credit co-operatives (SACCOs)

See The Savings and Credit Cooperative League of SA (SACCOL) www.saccol.org.za


Bank related organisations

Banking Association South Africa
Institute of Bankers in South Africa
Bankserv (joint bank utility company)
South African Reserve Bank (central bank)
South African Banking Risk Information Centre
Bank for International Settlements (BIS)

International Monetary Fund (IMF)

World Bank

Keep your Internet banking session secure

Many banks offer online banking over the Internet. Keep your Internet banking session secure by ensuring that the website of any organisation you conduct financial transactions with is secure. 

When you visit a website (especially a transaction website) you should look for a padlock in the browser window. The padlock indicates that you are in SSL (secure socket layer) mode, which means that every request or information that you send from the browser to our secure site is encrypted (scrambled and encoded). 

 

Secure sites use digital security, a Trusted Site Seal is a dynamic image appearing on a secure website that allows online banking customers to tell at a glance that they can trust the website, that the online site is validated and that they can transact safely and securely and share information free of worry. 

Leading providers of digital security are thawte, VeriSign, Entrust 

End: Banks in South Africa

Last modified: April 30, 2012

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