We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

SA’s five largest banks collectively hold 89.79% of the total assets of the 31 regulated lenders overseen by the Prudential Authority (PA), the division of the Reserve Bank that regulates the financial services industry.

That’s according to the PA’s 2021/2022 annual report, which was released on Monday and showed total banking sector assets grew 5.61% year on year to R6.82-trillion as at end-March 2022 driven largely by higher loan advances, holdings of investment securities such as government bonds and short-term negotiable instruments. The local branches of the 13 international banks operating in SA accounted for 5.97% of sector assets while other locally registered lenders represented just 4.24% of the sector’s assets...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.