Best answer: What is the oldest bank in South Africa?

FNB is the oldest bank in South Africa, and can be traced back to the Eastern Province Bank formed in Grahamstown in 1838. Today, FNB trades as a division of FirstRand Bank Limited.

Is there first bank in South Africa?

As of December 1, 2017, the Group had a market capitalization of ZAR 317 billion (US$23 billion). First National Bank (FNB) is the oldest bank in South Africa established in 1838. It operates as a subsidiary of FirstRand Group.

Top Banks in South Africa.

Rank 5
Bank Absa Bank *
06/2017 936.703
2016 918.311
2015 936.141

What is the number 1 bank in South Africa?

Top 5 Banks in South Africa

Rank Bank Total Assets, US$b
1 Standard Bank Group 172.825
2 FirstRand Ltd 133.035
3 Absa Group Ltd 104.470
4 Nedbank Group Ltd 83.797

Which is the best bank in South Africa 2021?

Best Banks In South Africa 2021 Edition

  • Standard Bank. …
  • Absa Group Limited. …
  • FirstRand Bank Group. …
  • Nedbank Group. …
  • Capitec Banking Group. …
  • Investec Bank Limited. …
  • African Bank Limited. …
  • Grindrod Limited.

What is the best savings account in South Africa?

10 Best Savings Accounts

  • ✔️FNB Fluid Youth Account.
  • Standard Bank PureSave Savings Account.
  • FNB Savings Account.
  • ABSA Savings Account.
  • African Bank Fixed Deposits Account.
  • Capitec Savings Account.
  • Nedbank 32-Day Notice Savings Account.
  • Investec Prime Saver.
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Which bank in South Africa is the cheapest?

The cheapest bank accounts in South Africa in 2021 – withdrawals vs deposits vs monthly fees

Nedbank PAYU Account 2020 Fees 2021 Fees
Deposit (ATM) R1.00 / R100 R1.20 / R100
Debit order (internal) Free Free
Debit order (external) R5.50 R5.50
Monthly account fee (PAYT) Free Free

Which bank has the most ATMs in South Africa?

South African banking shootout – Branches and ATMs

Number of branches and ATMs at major banks
Bank New branches and/or kiosks Total branches and/or kiosks
Absa 619
Capitec 12 852
FNB 14 (3 years) 600

Is FNB a good bank?

Overall bank rating

Little distinguishes First National Bank from other banks, and that’s both good and bad. Its fees aren’t particularly high, but neither are its savings rates. Its online banking platform has all the basics but little else.

Is Absa a good bank?

According to Ubiquity, Capitec is South Africa’s best bank, based on its analysis, and the only bank to receive a net positive opinion on social media. Nedbank was found to be the worst, with the highest negative rating – though Standard Bank had the lowest positive rating.


# Bank
1 Absa
2 Capitec
3 Nedbank

What is the richest bank in Africa?

Top Banks in Africa

Rank Bank Total Assets, US$bn
1 Standard Bank Group 184.518
2 Absa Group 97.241
3 FirstRand 94.144
4 Nedbank Group 80.110
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