Big 4 South African Banks

Big 4 South African Banks

1) Standard Bank

Standard Bank Group Limited involves three units: Personal and Business banking, Corporate and Investment banking, and Liberty Holdings Limited. Its services include transactional banking, investor services, trade finance, risk mitigation products and foreign exchange. The company has a revenue of $8.610bn and employs 54,770 people. The company was incorporated in 1969 and is based in Johannesburg.

2) Barclays Africa Group

With a revenue of $6.490bn, Barclays Africa Group Ltd offers products and services across personal and business banking, credit cards, corporate and investment banking, wealth management and insurance. The company includes, among other segments, Retail Banking South Africa and Business Banking South Africa. The company became incorporated in 1986 and its head office is in Johannesburg. It employs over 41,700 people.

3) Absa Bank

Absa Bank Ltd is based in Johannesburg and employs 30,630 people. The company became incorporated in 1986 and its recent revenue was reported as $5.320bn. Absa provides retail, business, corporate and investment baking as well as wealth management. Its retail banking division provides home loans, vehicle and asset finance, personal loans and other services.

4) Nedbank

As well as Nedbank Limited banking, the Nedbank group also contains Go Banking and BoE Private Clients. As a whole, the group has revenue of $5.317bn and employs over 32,000 people. Some of the services it provides include a range of transactional, corporate, investment banking and market solutions. Founded in 1966, the corporation’s current headquarters is in Sandton.