2) FirstRand Bank (R945.5 billion)
FirstRand Limited is the holding company of FirstRand Bank, which includes First National Bank, OUTsurance, Rand Merchant Bank, WesBank and Momentum. FirstRand Limited is a fully integrated financial services group. The FirstRand Bank has assets of around R945.5 billion. It is a retail, commercial and investment bank. It is one of the largest companies in Africa.
1) Standard Bank (R1.69 trillion)
With assets of around R1.69 trillion, Standard Bank is the richest bank in South Africa. Headquartered in Johannesburg, the bank has branches in 20 African nations. The Standard Bank Group Limited has played a central role in the development of the South African economy for around 150 years. More than 49,000 people work in this bank, which has around 1,280 branches and 9,200 ATMs in Africa. Standard Bank was established in 1862.
The above-mentioned banks offer both retail and investment banking services.
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