22 April 2024 1 Min Read
NEWS LEADER
WATCH: Standard Bank dominates banking sector
Business Day TV talks to bank analyst from Denker Capital, Kokkie Kooyman SA’s banking sector
Standard Bank operates in 20 sub-Saharan African countries and major global financial centres. It is Africa’s biggest lender by assets and reported 27% earnings growth of R43bn in December 2023. Picture: REUTERS
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SA’s banking sector had R5.1-trillion in advances at end-2023 and deposits of R5.7-trillion, according to the SA Reserve Bank. On both fronts, Standard Bank dominates, holding the lion’s share of the R11-trillion industry. Business Day TV spoke to bank analyst from Denker Capital, Kokkie Kooyman, for his analysis of the bank’s position and the health of the sector.