List of Banks in South Africa

There are 63 banks operating in the Republic of South Africa (RSA) including 17 local banks and 46 subsidiaries, branches and representative offices of foreign banks. Discovery, TymeBank and Bank Zero are the new challenger banks. The South African Reserve Bank (SARB), headquartered in Pretoria, is the country’s central bank. It is privately owned with around 800 shareholders. The government has plans to nationalize the Reserve Bank. Here is a full list of banks operating in South Africa.

Local Banks in South Africa

ABSA Bank Limited

African Bank Ltd

Bidvest Bank Ltd

Capitec Bank Ltd

Discovery Bank Ltd

FirstRand Bank Ltd

Grindrod Bank Ltd

Investec Bank Ltd

Ithala

Nedbank Limited

Sasfin Bank Ltd

Standard Bank of South Africa

Tyme Bank Limited

UBANK Limited

Mutual Banks

Bank Zero

Finbond Mutual Bank

GBS Mutual Bank

See also: Major South African Banks

Foreign Controlled Banks in South Africa

Albaraka Bank Ltd

Access Bank (South Africa) Ltd

Habib Overseas Bank

HBZ Bank Limited

Branches of Foreign Banks in South Africa

Bank of China, Johannesburg Branch

Bank of Communication, Johannesburg Branch

Bank of Taiwan, South Africa Branch

BNP Paribas SA

China Construction Bank, Johannesburg Branch

Citibank N.A.

Deutsche Bank AG

Goldman Sachs International bank, Johannesburg branch

HSBC Bank plc, Johannesburg Branch

ICICI Bank Limited

JPMorgan Chase Bank NA, Johannesburg Branch

Standard Chartered Bank, Johannesburg Branch

State Bank of India

Representative Offices of Foreign Banks

AfrAsia Bank Limited
Banco Internacional de Credito
Banco Santander Totta S.A.
Bank Julius Baer & Co. Ltd
Bank Lombard Odier & Co Limited
Bank of America, National Association
Bank Vontobel AG
Banque SYZ SA, South Africa Representative Office
Barclays Bank Plc
CaixaBank, S.A., Johannesburg Rep. Office
Caixa Geral de Depósitos
Commerzbank AG, Johannesburg Representative Office
Doha Bank, South Africa Representative Office
Ecobank
Export-Import Bank of India
Export-Import Bank of China
HSBC Private Bank (Suisse) SA
Industrial & Commercial Bank of China, African Representative Office
KfW Ipex-Bank GmbH
Macquarie Bank Limited
Mauritius Commercial Bank Limited
Metbank Limited
Millenium BCP, Representation Office in Johannesburg
Mitsubishi UFJ Financial Group Bank, Ltd
Mizuho Bank Limited
National Bank of Egypt
Société Générale Representative Office for Southern Africa
Sumitomo Mitsui Banking Corporation
Swedbank AB, Johannesburg Representative Office

Banks in Liquidation

Islamic Bank Limited
Regal Treasury Private Bank Ltd
VBS Mutual Bank