top 10 investment banks in south africa

Top 100 World Bank Ranking African Press Release. The largest four banks in Africa are the major South African players Top 10 Africa. Some of the services offered by the bank include transactional banking services, saving, borrowing and lending, investment, insurance services. Definition: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible.

watch the video

What are the top 10 investment banks?

What are investment banks?

Investment banks are major financial institutions that provide specialist services such as raising funds by issuing shares, and facilitating mergers and acquisitions (M&A). Every transaction that an investment bank handles is done on a large scale. For example, if drinks company Diageo wanted to sell £8 billion worth of bonds to expand its business into Russia, it would approach an investment bank to assist with finding buyers.

How do investment banks work?

Investment banks offer financial intermediary services to governments, pension funds, hedge funds and large corporations. These banks work differently from investment banking divisions of consumer (retail) banks, because they offer services such as underwriting, M&A, sales and trading, and asset management.

Learn more about the differences between retail and investment banks

Investment banks are often involved in more than one activity when it comes to assisting companies with their needs. For example, in the case of an initial public offering (IPO), the bank will examine a business’s financials, assist with drafting a prospectus, and offer advice post-IPO.

How do investment banks make money?

Investment banks make money via the services they offer. How they make money ranges from charging a fixed rate or a percentage per transaction, or collecting interest on monies raised, to charging commission based on the value of a trade. An investment bank will typically make money from the following activities:

  • Helping companies to launch an initial IPO
  • Engaging in proprietary trading
  • Issuing bonds to raise a company’s debt capital
  • Insuring bonds
Источник: https://www.ig.com/za/trading-strategies/what-are-the-top-10-investment-banks-191220

List of investment banks

FirmFateA.G. Becker & Co.acquired by Merrill Lynch in 1984 A.G. Edwardsacquired by Wachovia in 2007 Alex. Brown & Sonsultimately part of Deutsche Bank, survives as minor business unit The Argosy Groupacquired by Canadian Imperial Bank of Commerce in 1995 Babcock & Browncollapsed 2009, liquidation of its assets BancAmerica Robertson Stephensacquired by NationsBank in 1998 and integrated into NationsBanc Montgomery Securities to form Banc of America SecuritiesBaringscollapsed 1995; assets acquired by ING BankBear Stearnscollapsed 2008; assets acquired by JPMorgan Chase Blyth, Eastman Dillon & Co.merged with Paine Webber in 1979 Bowles Hollowell Connor & Co.acquired by First Union in 1998 Brown Bros. & Co.merged with Harriman Brothers & Company in 1931 to form Brown Brothers Harriman & Co.BT Alex. Brownacquired by Deutsche Bank in 1999 to form Deutsche Bank Alex. BrownC.E. Unterberg, Towbinacquired by Collins Stewart in 2007 Commodities Corporationacquired by Goldman Sachs in 1997 and renamed Goldman Sachs PrincetonDain Rauscher Wesselsbought by Royal Bank of Canada in 2000 Dean Witter Reynoldsmerged with Morgan Stanley to form Morgan Stanley Dean Witter, subsequently the Dean Witter name was eliminated Dillon, Read & Companyacquired by Swiss Bank Corporation in 1997, and is ultimately part of UBS AGDonaldson, Lufkin & Jenretteacquired by Credit Suisse in 2001 Drexel Burnham Lambertliquidated 1990 E.F. Hutton & Co.acquired by Shearson Lehman/American Express in 1988, ultimately part of Lehman BrothersFirst Boston Corporationmerged with Credit Suisse in 1988 to form CS First Boston, renamed "Credit Suisse First Boston" in 1996 and "Credit Suisse" in 2006 First Union Securitiesacquired by Wachovia in 2002 to form Wachovia SecuritiesG.H. Walker & Co.acquired by White Weld & Co in 1974 and ultimately part of Merrill LynchGiuliani Capital Advisorsthe investment banking division of Giuliani Partners was sold to Macquarie Group in 2007 Goodbody & Co.merged into Merrill Lynch in 1970 Gruntal & Co.acquired by Ryan Beck & Co. in 2002 H.B. Hollins & Co.liquidated in 1913 Halsey, Stuart & Co.ultimately part of WachoviaHambrecht & Quistacquired by Chase Manhattan Bank in 1999 and ultimately part of JPMorgan Chase; H&Q name continues as investment advisor Hambros Bankacquired by Société Générale in 1998 Harriman Brothers & Companymerged with Brown Bros. & Co. in 1931 to form Brown Brothers Harriman & Co.Hayden, Stone & Co.acquired Shearson Hammill & Co. in 1974 and assumed the Shearson name; ultimately acquired by American Express in 1981. HBOSacquired by Lloyds TSB to form the Lloyds Banking Group in 2009 Hill Samuelacquired by Trustee Savings Bank (TSB) in 1987 later Lloyds TSBHornblower & Weeksinvestment bank acquired by Loeb, Rhoades & Co. in 1977 and ultimately part of Shearson/American ExpressJ.&W. Seligman & Co.investment bank ultimately part of UBS AG; continues as asset manager J.C. Bradford & Co.acquired by PaineWebber in 2000, ultimately part of UBS AGJohn Nuveen & Co.IBD acquired by Piper Jaffray in 1999; company continues as asset management house under Nuveen Investments, which is controlled by private equity firm Madison Dearborn PartnersKeefe, Bruyette & Woodsacquired by Stifel in 2012, still maintain independent branding Kidder, Peabody & Co.acquired by General Electric Corporation in 1986, subsequently resold to PaineWebber in 1994 and ultimately part of UBS AGKleinwort Bensonacquired by Dresdner Bank in 1995 Kuhn, Loeb & Co.ultimately part of Lehman BrothersL.F. Rothschildultimately part of C.E. Unterberg, Towbin, with parts sold to Oppenheimer; not to be confused with Rothschild & Co (the result of a merger of the British N.M. Rothschild & Sons with the French Rothschild & Cie); see Rothschild familyLee, Higginson & Co.liquidated 1932 Lehman Brothersbankrupt in 2008, asset sold to Barclays Capital and Nomura HoldingsLlama Companyultimately defunct in 1998 after departure of Alice WaltonLoeb, Rhoades & Co.acquired by Shearson Hammill & Co. to form Shearson Loeb Rhoades in 1979 which was later acquired by American Express in 1981 to form Shearson/American ExpressMcColl Partnersacquired by Deloitte in 2013 to form Deloitte Corporate Finance Mendelssohn & Co.aryanized by the Nazis in 1938, sold in parts to Deutsche BankMerrill Lynch & Co.acquired by Bank of America in 2008 and integrated into Banc of America Securities to form Bank of America Merrill LynchMiller Buckfire & Co.acquired by Stifel in 2012, still maintains independent branding Montgomery Securitiesacquired by NationsBank in 1997 and integrated into NationsBanc Capital Markets to form NationsBanc Montgomery SecuritiesMorgan & Cieacquired by Morgan Stanley in 1967 and incorporated as Morgan et Compagnie International in Morgan Stanley International Incorporated in 1975 Monnet, Murnane & Co.liquidated 1945 Morgan Grenfellacquired by Deutsche Bank in 1990 Morgan, Harjes & Co.renamed Morgan & Cie in 1926 and acquired by Morgan Stanley in 1926 Paine Webberacquired by UBS AG in 2000. Park Ryanliquidated 1979 Prudential Securitiesacquired by Wachovia in 2003 Reynolds Securitiesmerged with Dean Witter & Co. in 1978 to form Dean Witter Reynolds, subsequently merged with Morgan StanleyRobert Fleming & Co.acquired by JPMorgan Chase in 2000. Robertson Stephensacquired by BankAmerica in 1997 and integrated into BancAmerica Securities to form BancAmerica Robertson Stephens. Sold again in 1998 to BankBoston (later FleetBoston Financial and would operate as Robertson Stephens from 1998–2002, when the firm was shuttered after the collapse of the Internet bubble Roosevelt & SonBroken up into three firms in 1934: Roosevelt & Son (liquidated), Roosevelt & Weigold (today operates as Roosevelt & Cross); and Dick & Merle SmithRyan Beck & Co.acquired by Stifel in 2007 S. G. Warburg & Coultimately part of UBS AG; not to be confused with M.M. Warburg or Warburg Pincus; see Warburg familySalomon Brothersacquired by Travelers Group in 1997, ultimately part of CitigroupSchrodersinvestment bank bought by Citigroup in 2000; continues as asset manager Shearson/American Expressacquired Lehman Brothers Kuhn Loeb in 1984 to form Shearson Lehman/American Express, later Shearson Lehman Hutton and Shearson Lehman BrothersShearson, Hammill & Co.renamed Shearson Loeb Rhoades after the 1979 acquisition of Loeb, Rhoades & Co. in 1979; acquired by American Express in 1981 to form Shearson/American Express Shearson Lehman Huttonrenamed Shearson Lehman Brothers in 1990 and split up in 1993 with the IPO of Lehman Brothers and the sale of the retail and brokerage operations to PrimericaSoundview Technology GroupAcquired by Charles Schwab in 2003. Swiss Bank Corporationmerged with Union Bank of Switzerland to form UBS AGUnion Bank of Switzerlandmerged with Swiss Bank Corporation to form UBS AGWachovia Securitiesacquired by Wells Fargo in 2008 and renamed Wells Fargo SecuritiesWasserstein Perella & Co.bought by Dresdner Bank in 2000. Wertheim & Co.acquired by Schroders, and ultimately by Salomon Smith BarneyWhite Weld & Co.bought by Merrill Lynch in 1978. Wood Gundyacquired by the Canadian Imperial Bank of Commerce in 1987, operating as CIBC Wood Gundy before becoming CIBC World Markets in 1997
Источник: https://en.wikipedia.org/wiki/List_of_investment_banks

Investment Banking vs. Corporate Finance: What's the Difference?

Investment Banking vs. Corporate Finance: An Overview

A generally-accepted distinction between corporate finance roles and investment banking roles is that a corporate finance professional deals with day-to-day financial operations and handles short- and long-term business goals, while an investment banker focuses on raising capital in the public markets. An investment banker also runs private placements of equity and debt capital and conducts merger and acquisitions (M&A) deals.

It could also be said that investment banking roles are tasked with growing a company from a capital perspective, while the corporate finance industry is employed in order to manage a company's capital and strategic finance-related decisions.

Key Takeaways

  • Investment banking grows a company, while corporate finance manages a company.
  • A corporate finance professional deals with day-to-day financial operations and handles short- and long-term business goals, while an investment banker focuses on raising capital.
  • The academic and experience credentials necessary to become an investment banker are higher than for most corporate finance positions.

Investment Banking

Investment banks raise capital for other companies through securities operations in the debt and equity markets. Investment banks also help coordinate and execute mergers and acquisitions (M&A). They offer advisory services to big clients and perform complex financial analyses.

Investment banking is considered one of the premier fields in the financial industry. There are two standard paths into an investment banking career: attend a noted undergraduate university and enter on the ground level as an analyst, or go to business school, earn a Master of Business Administration (MBA) graduate degree, and break through as an associate.

In their undergraduate studies, those individuals interested in becoming investment bankers should focus on degrees in top 10 investment banks in south africa, economics, banking, or investment analysis. Most people either accept internships or take low-level positions at large banks to gain experience, and many work as analysts before receiving their MBA.

Major investment banks, especially in New York and London, focus their recruiting efforts on the best-performing prospects from Ivy League schools—although it's not unheard of for exceptionally analytical prospects with degrees in challenging subjects such as biopharmaceuticals or other medical fields to make their way into the industry.

Even junior investment banking analysts can expect compensation of $70,000 to $150,000 a year when signing bonuses and performance-based bonuses are factored in, according to data from Wall Street Oasis.

Corporate Finance

Corporate finance is a catch-all designation for any business division that handles financial activities for a firm. In some instances, it can be difficult to differentiate corporate finance roles from investment banking roles. For example, an investment banking firm might have a corporate finance division.

Many different viable career paths can be found in corporate finance because there are so many different kinds of jobs in the field. Individuals can find their niches as accountants, advisors, account managers, analysts, treasurers, business analysts, or any number of other jobs. There are a few necessary skills, such as an understanding of corporate finance and effective communication skills.

A financial analyst, technically involved in investment banking, could expect a median salary of $85,660 in 2018, according to the Bureau of Labor Statistics (BLS). Meanwhile, a chief financial officer and other top professionals in the corporate finance field enjoyed a median salary of $184,460 in 2019, according to the BLS.

According to the BLS, both financial analyst positions and corporate finance executive positions are expected to grow at a rate of 6% between 2018 and 2028.

Special Considerations

Many choose to walk away from investment banking careers after a few years due to burnout. Investment banking deals tend to be executed by small teams—three to seven is standard—with one analyst, one or two associates, one vice president, and a lead managing director.

Workflow is bottom-up, and those lowest on the rungs are responsible for an exceptional amount of effort. Tales abound of investment analysts and associates working 80- to 100-hour weeks. An 80-hour week works out to five 16-hour days or seven 11.5-hour days.

Those debating a career in investment banking versus a career in corporate finance have two overriding considerations: workload and salary. The prestige and compensation of investment banking jobs are alluring to many, so intense working hours are a small hurdle to clear.

Corporate finance jobs aren't easy to get, but they're more plentiful and less competitive than investment banking jobs. Corporate finance still offers an excellent career in business analytics and corporate culture to those who value their weekends, holidays, and evenings.

When considering the future of these two jobs, it's important to keep in mind that both of these professions are at risk of changing significantly, as a result of artificial intelligence, data science, and the power of computing. Many tasks might be performed by algorithms and only higher-level types of abstraction and communication skills will remain the privilege of human investment bankers and corporate finance professionals.

Источник: https://www.investopedia.com/articles/professionals/100215/career-advice-investment-banking-vscorporate-finance.asp

African banks expertly wield tech tools to satisfy corporate clients and draw in millions of new consumers from cities and rural areas.

Author: Gordon Platt

African banks are among the most innovative and profitable in the world. In many cases, African financial institutions have leapfrogged over the delivery of services through brick-and-mortar branches, instead using mobile banking to expand rapidly.

Global Finance chose Standard Bank of South Africa as the Best Bank in Africa because of its focus on Africa and its clients as it extends best-in-class banking technology throughout the continent. Africa’s population is expected to double by 2050, when 1.5 billion Africans will be of working age. Africa also has the world’s largest cobalt and diamond reserves and 95% of the world’s platinum reserves, which are in South Africa.

Sim Tshabalala, Standard Bank Group CEO, says, “The group top 10 investment banks in south africa sustainable earnings growth and improved returns [in 2018], underpinned by the strength and breadth of our client franchise.” Earnings grew 6% last year and return on equity improved to 18%up from 17.1% in the prior year.

Standard Bank is Africa’s largest lender by assets and has a presence in 20 countries on the continent. In addition to the regional award for Africa, Standard Bank—which also operates as Stanbic Bank in some countries—won country awards in South Africa and Uganda.

Standard Bank has a strong positon in South Africa as a market leader in card products, mortgages, retail and corporate deposits. It has 48,322 employees, including 32,876 in South Africa and 14,831 in other African countries, as well as 615 international employees. Its Liberty Holdings subsidiary offers insurance and investment solutions to corporate and individual clients, as well as retirement funds across sub-Saharan Africa.

Over the past year, Standard Bank has seen successful pilot projects automate several processes formerly done by people. This includes the reporting of foreign exchange transactions to the central bank, and large parts of the process of extending credit to existing business clients. “Looking ahead, we’re optimistic about the potential of artificial intelligence (AI) to vastly improve efficiency and productivity for particular processes,” Tshabalala says. “But we’re also keen to look at how to maximize the benefits of AI-human interaction. That’s where we’ll see game-changing impacts.”

Stanbic Bank Uganda posted 12% earnings growth in 2018, for a fifth-straight year of record results and a return on equity of 23.5%. Stanbic Bank Uganda has adopted a new holding company structure, which will give it more flexibility in generating nonbanking revenue, forming partnerships with emerging fintechs and optimizing its real estate holdings. The bank operates a business incubator for small and midsize enterprises (SMEs), from which 500 entrepreneurs have graduated.

The African expansion strategy of French bank Societe Generale, another multiple country award winner, differentiates it from most large international banking peers, which are gradually exiting the continent or reducing the scope of their activities, says Olivier Panis, vice president and senior credit officer at Moody’s Investors Service. “The expansion is positive for Societe Generale’s profitability prospects, which have been damaged by ultralow interest rates in Europe and challenging markets for its trading activities,” Panis says. However, the strategy will also increase the bank’s exposure to riskier and more volatile operating environments and increase the likelihood of a higher level of problem loans, he adds.

Societe Generale operates in 19 African countries, serving 3.8 million customers. “The drivers of the bank’s growth in Africa will be digitalization, local management hubs and partnerships to develop corporate banking, according to Panis. Société Générale and Absa Group plan to develop a pan-African wholesale banking offering.

Societe Generale won five Best Bank country awards in Africa from Global Finance this year. Societe Generale Benin has developed a network of 17 branches in Benin and is that country’s largest international bank. It offers retail banking as well as corporate and investment banking and global transaction banking. Pascal Bied-Charreton, CEO of Societe Generale Benin, says: “In a challenging local market, winning this award for two consecutive years is a strong sign of the recognition of the trust of our customers. The bank is committed to improve the quality of its products and services to its customers to become their preferred bank in Benin.”

Societe Generale has a large presence in Cameroon, where it has a leading corporate market share of about 20%. Last year, it introduced the bank’s electronic wallet, YUP, to increase banking inclusion. In Côte d’Ivoire, Societe Generale is the largest bank in the country and Global Finance’s choice for Best Bank. It opened five new branches last year, bringing the total to 73, and solidified its position as the country’s largest lender. Aymeric Vilebrun, CEO of Citizens bank corvallis login Generale Côte d’Ivoire, says: “This award is a recognition of the bank’s great teamwork and a source of motivation to pursue our quest for excellence and high quality of service.”

Societe Generale’s lead roles in investment banking, trade finance and foreign exchange earned it the Best Bank award for Senegal, where it has 40 branches and a 19% share of loans as well as deposits. Jean-Marc Mancel, CEO of Societe Generale Senegal, says, “It is a great honor to receive the Best Bank award from Global Finance for the second year in a row. This prize recognizes the quality of service rendered to our clients, which is a primary objective of the bank. We want to continue in this dynamic and position ourselves sustainably as a leader in the Senegalese banking sector.”

Societe Generale Guinee boone county mo property search in Guinea, where it has market share of 20%, for its support of major corporations that operate in key sectors of the economy, such as mining and industry, telecommunications and oil distribution. Jose Rebollar, CEO of Societe Generale Guinee, says: “Being awarded Best Bank in Guinea for a third year in a row means a lot to us. It rewards our commitment to deliver better services and products to support this now-emerging country. We keep on improving, keep on investing and keep on being innovative—simply because Societe Generale believes in Africa. The group’s is state farm bank safe model fits so well to Guinea: The Future Is You!”

Another pan-African banking leader, Ecobank, took the Best Bank awards in Gambia and Togo. Ecobank’s pan-African platform, which extends to 36 countries, is the biggest of any bank. Ecobank offers mobile banking in many African countries through an arrangement with the French telecom Orange.

Ecobank Gambia pioneered agency banking in Gambia in March 2018. Acting in partnership with a number of retail agencies across the country, Ecobank has been able to extend services to remote areas of Gambia. The agency banking system enables Ecobank’s customers to deposit or withdraw funds from its accredited agents in their communities.

Togo is home to Ecobank Transnational, the holding company of the Ecobank Group, as well as Ecobank Togo, based in Top 10 investment banks in south africa, which has 24 branches and a market share of 25%. In Togo and elsewhere, Ecobank Omni is an online platform offering a suite of online cash management solutions for corporate clients.

United Bank for Africa operates in 20 African countries and is Global Finance’s choice for Best Bank in Burkina Faso, an arid, landlocked country of 19 million people in West Africa. UBA Burkino Faso provides mobile banking services in Burkina Faso in cooperation with local telecom Onatel. It also operates 27 branches in the largely agricultural country.

Bank of Africa What was the first national anthem of the united states was the first bank established by the Bank of Africa Group, which is majority owned by BMCE Bank in Morocco, and is the Global Finance Best Bank winner in Mali. It now has 62 branches and moved into its new headquarters building in the capital city of Bamako in February 2018. The Bank of Africa Group has operations in 18 African countries, plus a network in France.

Elsewhere in West Africa, Nigeria-based Zenith Bank won Best Bank honors in Ghana for its innovation and customer service. The bank opened a new head office in Accra and has 37 branches and offices in the country. It is a market leader in cross-border payments, international trade and card payments.

In Sierra Leone, Union Trust Bank was chosen Best Bank and is the only indigenous bank in the country, in which only 14% of the population has an active bank account. Union Trust Bank has opened branches in the country’s rural regions and has been in the forefront of supporting SMEs. It has managed to compete successfully with its many foreign-owned bank rivals.

Guaranty Trust Bank, also known as GTBank, is Global Finance’s choice for Best Bank in Nigeria, Africa’s most populous nation with 200 million people. Guaranty Trust Bank has relied on a “digital first” strategy to improve the customer experience and provide more value in its products and services. Last year, GTBank introduced Habari, Nigeria’s largest platform for music, shopping and lifestyle content.

Kinshasa-based Rawbank is Global Finance’s selection as the Best Bank in the Democratic Republic of the Congo (DR Congo) because of its sound financials and diverse top 10 investment banks in south africa solutions. Rawbank is the biggest bank by assets in the DR Congo and is backed by Groupe Rawji. Rawbank has 96 branches and mini-branches. Last year, Rawbank received its second $15 million loan from the African Development Bank for lending to SMEs.

“The consistency of Global Finance’s ranking of Rawbank in first place in the DR Congo is a recognition and confirmation of our approach based on innovation and the constant evolution of our offer, as close as possible, to the needs in the field,” says Thierry Taeymans, CEO of Rawbank. “Our teams can be proud to have once again been able to bring our values top 10 investment banks in south africa life in a challenging environment.”

In the Horn of Africa, CAC International Bank is winner of the Best Bank award in Djibouti, a country which is strategically located where the Red Sea meets the Gulf of Aden. The bank is the leading digital bank in Djibouti, serving a diverse range of customers. It opened a new customer care center this year designed specifically to serve corporate clients.

“We are the frontrunners in delivering digital banking in Djibouti. We were the first to introduce numerous services, including Internet banking and mobile banking,” says CAC International Bank CEO Ahmed Hamid Al-Dheeb. “In the trade finance space, our strong correspondent banking network helps us facilitate international trade, while economizing on the time and cost of transactions.”

Commercial Bank of Ethiopia (CBE) is Global Finance’s choice for Best Bank in Ethiopia because of its extensive reach. CBE, the country’s largest bank, has more than 1,160 branches and holds two-thirds of the country’s bank deposits. The bank introduced a digital money-transfer service last year for remittances from Ethiopians working abroad.

Elsewhere in East Africa, KCB Bank is our choice for Best Bank in Kenya. In the past five years, the bank has attracted more than 10 million new customers through its mobile banking platforms. KCB Bank also has made corporate lending a strategic objective, and the corporate sector now accounts for more than 45% of the bank’s loan book. KCB Bank had a 22.8% return on equity last year.

CRDB Bank is Global Finance’s choice for Best Bank in Tanzania, the second-largest economy in East Africa. The bank has 231 branches in Tanzania, as well as a microfinance subsidiary and a Burundi banking subsidiary. CRDB Bank accounts for 20% of the country’s banking system assets. The bank streamlined its credit processes in 2018.

Millennium bim is the winner of the Best Bank in Mozambique award from Global Finance because of its continued strong earnings and a return on equity of 21.8% in a challenging economic environment. The bank’s network of 193 branches is the largest in Mozambique. Last year, the bank expanded its mobile banking solution through a partnership with Vodafone M-Pesa. Millennium bim is majority owned by Portugal’s Millennium bcp.

In neighboring Malawi, Global Finance’s choice for Best Bank is National Bank of Malawi, the nation’s largest commercial bank, which recently integrated its mobile banking platform with Airtel’s mobile wallet Airtel Money, to improve services and foster financial inclusion. Last November, the bank received a license from the central bank to open a development bank for SMEs.

In Madagascar, BNI Madagascar is celebrating its 100th year in 2019. The bank is a major participant in the corporate banking sector in Madagascar, an island nation off the east coast of Africa in the Indian Ocean. The bank has been expanding rapidly in recent years and now has 81 branches.

Mauritius Commercial Bank, or MCB, was established in Port Louis in 1838 and is the oldest and largest bank in the country, with a network of 40 branches. MCB won the Best Bank award because of its solid financial performance and sound capital position, as well as its improving asset profile. MCB Group has operations in Madagascar, the Maldives, Mozambique and the Seychelles. It is active in project and trade finance throughout sub-Saharan Africa.

In the Maghreb region of Northwest Africa, Casablanca-based Attijariwafa Bank is Global Finance’s choice for Best Bank in Morocco, where it has 3,437 branches. Altogether, the bank operates in 26 countries, employs more than 20,000 people and has the largest branch network in Africa. The bank’s main focus is in North Africa and West Africa, but it also has become a major participant in the Central African region.

Al Baraka Bank of Algeria, Global Finance’s selection in Algeria, was incorporated as the first Islamic bank in Algeria in 1991 and has grown into one of the country’s leading banks. It is a subsidiary of Bahrain-based Al Baraka Banking Group, which has offices in 17 countries. In Algeria, Al Baraka has 30 branches. It had a return on equity of 19.37% in 2018 and its assets grew by 9%.

In Tunisia, Banque Internationale Arabe de Tunisie (BIAT) is Global Finance’s choice as Best Bank. BIAT, the country’s largest private-sector bank, reported an increase of 19% in 2018 earnings. BIAT was established in Tunis in 1976 and now has a network of 203 branches across the country. It was the first bank to be listed on the Tunisian Stock Exchange.

“Our market share of the country’s banking income, which stands at nearly 20%, supports the soundness of our strategic orientation,” says Mohamed Agrebi, director general of BIAT. “Our committed employees are the key to the bank’s success; they are experts and always ready to serve our clients and support the development of Tunisia’s economy.”

I&M Bank Rwanda is Global Finance’s selection as the Best Bank in the country  because of its customer service and solid financial results. I&M Group also has operations in Kenya, Mauritius and Tanzania. The Rwanda bank recently introduced a new core banking system and last year it received a $10 million loan from the International Financial Corporation, a member of the World Bank Group, to support lending.

Barclays Bank of Zambia, part of Absa Group in South Africa, won the Best Bank award for Zambia, where it has been operating for a century. Founded in Lusaka in 1918, the bank now has 70 offices and has digitalized its operations. Zambia is a major exporter of copper and cobalt.

“We are proud to be the recipient of this prestigious accolade for the second consecutive year, which is testament to our commitment to bring possibilities to life through the provision of world-class banking solutions,” says Mizinga Melu, managing director of Barclays Bank of Zambia. “Our agility and investment in technology has enabled our customers to enjoy products and services that are relevant to their needs. As we transition to Absa, our pledge to continue delivering exceptional banking products and services is unwavering.”

In Zimbabwe, CBZ Bank, the country’s largest, processes about one-third of Zimbabwe’s banking transactions. Founded in Harare in 1980, the bank now has 66 branches. CBZ Bank is Global Finance’s choice for Best Bank in Zimbabwe because of its strong market presence and sizable balance sheet.

FirstRand Namibia, parent of First National Bank of Namibia, Global Finance’s winner in Namibia, produced a return on average equity of 22.1% last year, despite a weak economy. FNB Namibia offers a complete range of digital services, including online banking, cell phone banking, an FNB app and mobile sites to ensure client access 24/7. The bank invests in its home market through the FNB Namibia Foundation. Namibia accounts for nearly one-third of the world’s output of diamonds. Windhoek-based First National Bank of Namibia is listed on the Namibian Stock Exchange, one of the largest stock markets in Africa.

In neighboring Angola, Banco de Fomento Angola (BFA) is Global Finance’s choice for Best Bank because of its digital innovation and name recognition. The bank processes 99% of its transactions electronically. BFA, established in Luanda in 1990, maintains a network of about 200 branches.

Standard Chartered Bank Botswana began operating in 1897 and was locally incorporated in 1975, with 25% of its shares listed on the Botswana Stock Exchange. The bank has 19 branches and two-thirds of its employees are women. It was recognized by Global Finance as the best consumer digital bank in Botswana last year. The bank has also been the lead arranger for some of the largest deals in the market.

BEST BANKS IN AFRICA 2019

AlgeriaAl Baraka Bank of Algeria
AngolaBanco de Fomento Angola (BFA)
BeninSociete Generale Benin
BotswanaStandard Chartered Bank Botswana
Burkina FasoUnited Bank for Africa
CameroonSociété Générale Cameroun
Côte d’IvoireSociete Generale Côte d’Ivoire
DR CongoRawbank
DjiboutiCAC International Bank
EthiopiaCommercial Bank of Ethiopia
GambiaEcobank Gambia
GhanaZenith Bank
GuineaSociété Générale de Banques en Guinée
KenyaKCB Bank Kenya
MadagascarBNI Madagascar
MalawiNational Bank of Malawi
MaliBank of Africa
MauritiusMauritius Commercial Bank
MoroccoAttijariwafa Bank
MozambiqueMillennium bim
NamibiaFirst National Bank of Namibia
NigeriaGuaranty Trust Bank
RwandaI&M Bank Rwanda
SenegalSociété Générale de banques au Sénégal
Sierra LeoneUnion Trust
South AfricaStandard Bank
TanzaniaCRDB Bank
TogoEcobank Togo
TunisiaBanque Internationale Arabe de Tunisie
UgandaStanbic Bank Uganda
ZambiaBarclays Bank Zambia
ZimbabweCBZ Bank
Источник: https://www.gfmag.com/magazine/may-2019/best-banks-africa-2019

- Capitec Bank has been ranked the third strongest banking brand in the world

- In addition, the bank was also ranked the strongest bank in South Africa

- The bank was ranked along with 500 international banks and beat off the competition to secure the number three spot

Pay Attention: Join Briefly News' Telegram channel! Never miss important updates!

Capitec Bank is waving the South African top 10 investment banks in south africa high after it was recognised as the third strongest bank brand in the world.

Capitec crowned king, rated 3rd strongest banking brand in the world

What makes this achievement homes for sale in mount pleasant utah much more amazing is that Capitec was rated amongst the 500 strongest bank brands in the world and came out dangerously close to the top.

The bank community national bank and trust of texas delighted to be honoured that the Brand Finance report found their brand so valuable according to Sunday World.

Factors that led to Capitec securing this prestigious award are its investment, stakeholder equity, and the impact of those on business performance.

Capitec came out on top in South Africa, ranked as the best bank in the country as well as securing the third spot out of the 500 banks ranked.

FNB was the only other South African bank to make top 10 investment banks in south africa top 10 strongest bank brands in the world. FNB came in at an impressive number four on the list.

Earlier, Briefly.co.za reported that the Covid-19 pandemic has hit Mzansi hard and Capitec Bank has decided to refund thousands of their customers as part of a means to provide relief. Over 80 000 loyal customers should be when did texas become a state a total of R160 million in interest refunds.

The pandemic has been difficult for many South Africans with some losing their jobs due to the poor state of the economy because of the lockdown. Capitec Bank has decided to make things a little easier for their clients.

According to a statement released by the bank, the decision was made so that customers could be more settled during the Covid-19 pandemic.

Capitec CEO Gerrie Fourie said that they want to help their clients as much as possible during this time. This is why they waived the interest for the relief period for clients who met the qualifying criteria.

In other news, banks and financial institutions are now required to provide hand sanitiser at their premises and also at the locations of ATMs.

Nkosazana Dlamini-Zuma, Minister of Co-operative Governance and Traditional Affairs, announced that the government had identified ATMs as being 'super-spreaders' of Covid-19 because of people waiting in long queues to draw money.

The announcement noted that there was top 10 investment banks in south africa enough sanitisation at ATMs and financial institutions must now equip ATMs with sanitiser.

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

how to embed video in powerpoint 2016 Be the first to get hottest news from our Editor-in-Chief

Thank you!

Check your email and confirm your subscription

You are already subscribed to our newsletter!

Check your inbox to be the first to know the hottest news

Источник: https://briefly.co.za/94513-capitec-crowned-king-rated-3rd-strongest-banking-brand-world.html

Banks in South Africa

Banking system in South Africa includes 10 locally controlled banks, 7 foreign controlled banks, 3 mutual banks, 2 co-operative banks as well as about 50 branches and representative offices of foreign banks. The total assets of banking sector amounted to approximately ZAR 6 trillion according to data from South African Reserve Bank.

Absa Bank – A leading South African bank with over 9 million retail and corporate customers. It operates as a subsidiary of Barclays Africa Group. As of January 5, 2018, it had a market capitalization of ZAR 3.4 billion.

African Bank – The commercial bank headquartered in Midrand. It focuses on providing unsecured personal loans to residents of South Africa.

Al Baraka Bank – The pioneer of Islamic banking in South Africa. It operates as a subsidiary of the Bahrain-based Al Baraka Banking Group.

Barclays Africa Group (formerly Absa Group) – One of largest financial services companies in Africa with over 12 million customers and 42,000 employees.

Bidvest Bank – A leading foreign exchange specialist in South Africa. It focuses on all major currencies through a correspondent global network.

Capitec Bank Holdings – A commercial bank headquartered in Stellenbosch. As of October 25, 2017, it had a market capitalization of ZAR 108 billion (US$7.9 billion).

FirstRand Group – One of the largest financial institutions in the country. It includes FirstRand Bank, First National Bank, Rand Merchant Bank and WesBank. 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.

Grindrod Bank (GRDB) – A competitive investment bank serving private, corporate and institutional customers. It is rated by GCR and has a stable outlook of BBB+ (ZA).

HBZ Bank – A wholly owned subsidiary of Habib Bank AG Zurich. It was launched in 1995 and maintains branches in Kwa-Zulu Natal and Gauteng. HBZ has a division specializing in Islamic banking.

Investec Bank Ltd is a focused specialist bank and asset management company. It provides investment, corporate and private banking services.

Mercantile Bank Holdings – An investment holding company, providing international and domestic banking services to retail and corporate customers. It has two subsidiaries: Mercantile Bank and Mercantile Insurance Brokers that provides life insurance and short-term broking services. Mercantile Bank Holdings is a division of Caixa Geral de Depositos S.A.

MMI Holdings – A financial services group providing insurance, savings, asset management, investments, healthcare administration and employee benefits.

Nedbank Group – The South Africa’s fourth largest banking group as measured by assets. It offers a wide range of wholesale and retail banking services, wealth management and insurance products. The Bank is 54% owned by the parent company, Old Mutual plc.

Rand Merchant Bank (RMB) – The investment banking arm of the FirstRand Group and one of the leading corporate and investment banks in Africa.

Sasfin Bank – A niche banking and financial services group headquartered in Waverley. The company serves individuals and businesses, focusing on corporate clients and high net worth individuals.

South African Reserve Bank – The central bank of the RSA. It maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness.

Standard Bank Group – The largest bank in South Africa by assets and earnings. It is a full-service financial group with operations in 20 African countries. As of June 30, 2017, it had total assets of ZAR 1.95 trillion.

Ubank Ltd (formerly Teba Bank) – A South African bank operating in the microfinance sector. It operates primarily within the gold and platinum mining communities.

United Bank – Allied Bank, United Bank and Volkskas Bank stop trading under their own names, from this point they all trade under the name "ABSA".

WesBank – The largest provider of vehicle finance in South Africa, financing 1 in 3 new cars sold. The company operates bancorp bank app a division of FirstRand Bank.

See also: Foreign Banks in South Africa, Insurance Companies

Top Banks in South Africa

Below is a list of the largest banks operating in South Africa. The Big Four banks hold over 80% of banking services in the country.

 Total Assets (ZAR billion)

RankBank06/2017201620152014201320122011
1Standard Bank Group1,952.521,954.291,986.931,902.851,690.931,560.351,509.05
2FirstRand Ltd1,217.711,180.491,139.51978.548865.732769.765697.927
3Barclays Africa Group1,137.881,101.021,144.60991.414962.863898.371872.662
4Nedbank Group965.830966.022925.726809.313749.594682.958648.127
5Absa Bank *936.703918.311936.141814.061792.635763.920740.002
6Investec Bank Ltd425.687411.980340.192----

* Absa Bank Ltd is a wholly owned subsidiary of Barclays Africa Group.

Источник: https://www.relbanks.com/africa/south-africa

Let’s create innovative financial solutions for each of your challenges

Banniere natixis.com EN

Our selection of videos & podcasts

Sneak peek into our initiatives and talents

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

f2YWMxTE9S3cwT1g

Источник: https://www.natixis.com/
top 10 investment banks in south africa

3 Replies to “Top 10 investment banks in south africa”

Leave a Reply

Your email address will not be published. Required fields are marked *