The new competitors in SA's banking market "will keep us on our toes and keep us innovating", says one of SA's oldest and largest retail banks.

FNB CEO Jacques Celliers said new players such as Tyme Bank and Discovery Bank - both of which launched in the past two years - haven't yet gained incredible momentum and are still dealing with teething problems, but FNB is watching them closely...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now