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List of Commercial Banks in South Africa

Published by Gbaf News

Posted on April 19, 2013

1 min read

· Last updated: September 23, 2024

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Overview of South African Commercial Banks

The following are the list of commercial Banks in South Africa. There is a total of 27 banks and the list is as follows

List of Major Retail Commercial Banks

ABSA Group – Amalgamated Banks of South Africa

African Merchant Bank (AMB)

Allfinanz Boutique

Allied Bank

Development Bank of South Africa (DBSA)

FNB – First National Bank

FNB BOB Bank

Investec Group

Other Prominent Merchant and Investment Banks

Marriott Merchant Bank

Mercantile Lisbon Bank Holdings

MLS Bank

NBS Bank

Nedbank

Nedcor Group

NRB Group – New Republic Bank

Old Mutual South Africa

Rand Merchant Bank

Saambou Bank

SCMB – Standard Corporate and Merchant Bank

Southern Bank of Africa Limited

Standard Bank and Related Entities

Stanbic Africa – Standard Bank Africa Banking Group

Standard Bank of South Africa

Standard Chartered

Trust Bank

United Bank

Volkskas Bank

WesBank

Key Takeaways

  • The article lists 27 commercial banks operating or formerly operating in South Africa.
  • The banks range from large groups like ABSA and Nedbank to niche or defunct entities like Saambou Bank and United Bank.
  • The list includes a mix of domestic, regional, and international‑affiliated banks.

References

Frequently Asked Questions

How many commercial banks are listed?
There are 27 commercial banks listed.
Are all the banks still active?
Not all; some like Saambou Bank may be defunct or merged.
Does the list include foreign banks?
Yes; it includes locally operating foreign-related entities like Investec and Standard Chartered.
Are major banks included?
Yes; major institutions like ABSA, FNB, Nedbank, Investec are included.

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