Johannesburg South Africa’s five largest banks hold nearly 90% of the total assets of the 31 regulated lenders overseen by the Prudential Authority. This is according to the authority’s 2021/2022 annual report.
It also showed that the total banking sector assets grew 5.61% year-on-year to R6.82 trillions.
This, it says, was driven largely by higher loan advances as well as holdings of investment securities such as government bonds and short-term negotiable instruments.
Local branches of the 13 international banks operating in the country accounted for 5.97% of sector assets.
Locally registered lenders are just 4.24% of the sector’s assets.
