Top 20 banks in South Africa

16. South African Reserve Bank 

Established on 30 June 1921, it has its headquarters at Pretoria, South Africa. This is the central bank of South Africa.

South African Reserve Bank 
24/05/2018. Outside view building of South African Reserve Bank in Pretoria.
Picture: Bongani Shilubane/ African News Agency (ANA)

They offer the following services; Issuing banknotes and coin; Managing official gold and foreign-exchange reserves; Acting as lender of last resort in exceptional circumstances, and many other services.

17. Momentum Metropolitan Holdings Limited 

Momentum Metropolitan Holdings Limited

Due to the long name characters, it’s abbreviated as MMI Holdings. It was founded in 2010 and has its headquarters at Centurion, South Africa. They provide long and short-term insurance, asset management, savings, and investment.

18. AfrAsia Bank

Located at Sandton, Gauteng, South Africa. It was founded in 2007 at Mauritius before it started spreading to other countries.

19. Al Baraka Bank 

Al Baraka Bank in Top 20 banks in South Africa

When people think of Islamic banking, then this bank comes to the mind of every South African. It has its branches in most Islamic countries and its a subsidiary of the Bahrain-based Al Baraka Banking Group.

20. ICICI Bank 

ICICI Bank in Top 20 banks in South Africa

Founded in India in June 1994 but inaugurated its first branch in South Africa in early 2016. They offer the following services; corporate loans, fund-based working capital facilities, and trade finance facilities

With the above information, we hope you’ve been able to see the top 20 banks in South Africa.

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