Now these banks are all leading banks for various reasons like the first two banks below are winning when it comes to the banks retail market. And they also form part of the country’s big five” banks alongside Absa, FNB, Standard Bank and Nedbank.
And the third bank is a leading bank for remaining the most competitive in the investment industry, let’s find out more.
Bank – Standard Bank
This bank is a leading bank according to Top 500 South Africa’s Best Managed Company which whittled the country’s financial firms down to their finest in their study. They did so by splitting the finance industry into main finance sectors including the banking sector.
Standard Bank tops its banking charts, in 2016 through to 2017. It has the sector’s highest turnover, along with the highest rand growth and strong employee efficiencies.
Standard Bank as one of the oldest banks around has done well for itself as it’s still tops in banking charts.
Bank – Capitec
This banking institution wins in the Best Digital Bank category especially since we know that digital is everything and a must these days. Capitec was voted South Africa’s best digital bank in the 2017 SITEisfaction survey, reporting 220 753 cellphone and internet banking transactions over the six months ended August 31 2017, up 39% year-on-year.
Capitec also as a relatively new comer in the banking industry has done well for itself. According to Capitec, it has made inroads in drawing more affluent clients in the middle and upper markets, which has been bolstered by the addition of a credit offering attached to its only Global One bank account.
Bank – Rand Merchant Bank (RMB)
Investment and merchant banking remains the most competitive front in the industry, and Rand Merchant Bank (RMB), dominates in investment banking. This was proven when RMB won the Investment Bank of the Year award in 2017 for the fifth year running. The award is made by the “African Banker magazine” to the most innovative investment bank operating in Africa.