Central Bank of Swaziland
Swazi Bank
Standard Bank
First National Bank
Nedbank
Swaziland Building Society
Central Bank of Swaziland
Swazi Bank
Standard Bank
First National Bank
Nedbank
Swaziland Building Society
Trading
List of Banks in Swaziland
Published by Gbaf News
Posted on June 13, 2012
1 min read· Last updated: June 11, 2018
Key Takeaways
- Eswatini’s banking sector includes five main commercial institutions plus its central bank.
- Three of the commercial banks are subsidiaries of South African banking groups.
- Eswatini Bank is the only fully state‑owned indigenous bank.
- The financial ecosystem also involves the Central Bank fostering fintech innovation such as CBDC and sandbox initiatives.
References
Frequently Asked Questions
Which banks operate in Eswatini?
The main licensed commercial banks are Eswatini Bank; Standard Bank Eswatini; First National Bank Eswatini; Nedbank Eswatini; and Swaziland Building Society.
Who owns Eswatini Bank?
Eswatini Bank is 100% owned by the Government of Eswatini and serves as both a development finance institution and commercial bank.
Are any commercial banks in Eswatini subsidiaries of foreign banks?
Yes—Standard Bank, First National Bank, and Nedbank are subsidiaries of South African banking groups.
What role does the Central Bank of Eswatini play in the banking sector?
It issues currency, oversees monetary policy, regulates the sector, manages fintech initiatives (like CBDC and sandbox), and maintains financial stability.
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