Regulator’s report finds SA banks resilient and healthy

SA’s five largest banks collectively hold 89.79% of the total assets of the 31 regulated lenders overseen by the Prudential Authority , the division of the Reserve Bank that regulates the financial services industry.

That’s according to the PA’s 2021/2022 annual report, which was released on Monday and showed total banking sector assets grew 5.61% year on year to R6.82-trillion as at end-March 2022 driven largely by higher loan advances, holdings of investment securities such as government bonds and short-term negotiable instruments. The local branches of the 13 international banks operating in SA accounted for 5.97% of sector assets while other locally registered lenders represented just 4.

😅😅

6,82 Trillion. I wonder if Fintechs can have a share

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