Does your bank fall under the best of the best in South Africa?
The most valuable banks in the country were ranked recently.
Global brand research group, Brand Finance, has published its 2022 Global 500 Banking report – ranking the most valuable banks in the world, including seven banks from South Africa.
The report also ranks the top 10 strongest banking brands globally, with Capitec named as the second strongest in the world.
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One big note to make among these local rankings was Standard Bank overtaking First National Bank (FNB) to be ranked as the most valuable banking brand in the country.
Capitec Bank showed up and showed out in the rankings!
You'll be happy to know that they ranked 6th in the world for familiarity, 3rd for its quality of services, and it was noted as the 5th easiest bank to deal with.
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Here are the SA rankings:
Standard Bank - 145
First National Bank - 146
ABSA - 154
Nedbank - 191
Investec - 193
Capitec - 252
Rand Merchant Bank - 385
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Despite being around for just 22 years, Capitec Bank has already overtaken many of South Africa’s traditional banks, becoming the second-largest bank by market cap.
Looks like most of the popular banks definitely are valuable!
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Main Image Courtesy: Supplied