南非银行行业市场调研和分析报告（英文版）-2024年1月上传培训课件

INDUSTRIES

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MARKETSBankingindustryinSouthAfricaCHAPTER

01RegionaloverviewLeadingcountriesinthebankingindustryinAfricaasof2022,byaggregatetier1capital(inmillionU.S.dollars)LeadingcountriesintheAfricanbankingindustry2022,bytier1capitalTier1capitalinmillionU.S.dollars05,00010,00015,00020,00025,00030,00035,00040,00045,000SouthAfricaEgypt42,25432,458MoroccoNigeriaKenya17,46811,8946,256TunisiaMauritiusAngolaGhanaTogoEthiopiaTanzaniaGabon3,5903,5492,7791,9641,8771,2181,0129914Description:SouthAfricaholdsanoutstandingroleintheAfricanbankingindustry.Asof2022,theaggregatetier1capitalfromthemajorSouthAfricanbanksreached42.2billionU.S.dollars.TheSouthAfricanStandardBankGrouphadaloneacapitalworthroughly11.7billionU.S.dollars,rankingastheleadingbankinthecontinent.Egypt,Morocco,Nigeria,andKenyafollowedintermsofaggregatetier1capital,composingthemainbankingmarketsinAfrica.ReadmoreNote(s):Africa;2022Source(s):TheBanker(TheBankerDatabase)Percentagechangeintheaveragereturnonequity(ROE)ofbanksinselectedAfricancountriesbetween2016and2021Changeinbankingreturnonequity(ROE)inAfrica2021,bycountry6%4%2%0%3.6%-2%-1.3%-2.1%-2.7%-4%-6%-8%-10%-12%-9.5%EgyptSouthAfricaMoroccoKenyaNigeria5Description:In2021,thereturnonequity(ROE)ofEgyptianbanksdeclinedby9.5percentcomparedto2016.Egypt'sfinancialinstitutionsrecordedthesharpestdeclineinROEamongtheselectedAfricancountries.Incontrast,Nigeria'sROEexperiencedthehighestgrowthrate,risingby3.6percentbetween2016and2021.ReadmoreNote(s):Africa;2016to2021Source(s):McKinsey&CompanyLeadingbanksinAfricaasof2021,byassets(inmillionU.S.dollars)LargestbanksinAfrica2021,byassetsAssetsinmillionU.S.dollars020,00040,00060,00080,000100,000120,000140,000160,000180,000170,936StandardBankGroup(SouthAfrica)NationalBankofEgypt(Egypt)BanqueMisr(Egypt)167,407118,316FirstRand(SouthAfrica)98,769AbsaBank(SouthAfrica)84,721Nedbank(SouthAfrica)71,24064,522AttijariwafaBank(Morocco)BanqueCentralePopulaire(Morocco)BankofAfrica-BMCEGroup(Morocco)InvestecBank(SouthAfrica)*50,31538,75038,2016Description:SouthAfrica'sStandardBankGroupwasthelargestbankinAfricaasof2021,withtotalassetsworthnearly171billionU.S.dollars.Operatingin20countriesonthecontinent,thebankgroupalsoledtheAfricanbankingsectorbytier1capital.Rankingasthesecond-biggestbankinAfrica,theNationalBankofEgyptaccumulatedanassetvalueofaround167billionU.S.dollars.Overall,SouthAfricaconcentratedfiveoutofthetop10institutionswiththelargestassetsinAfrica.ReadmoreNote(s):Africa;2021;*AsofMarch2022.AllotherfiguresareasofJuneorDecember2021.ReadmoreSource(s):AfricanBusiness;Bankers'Almanac;Moody'sAnalyticsLeadingbanksinAfricaasof2021,bytier1capital(inbillionU.S.dollars)LeadingbanksinAfrica2021,bytier1capitalTier1capitalinbillionU.S.dollars0246810121416StandardBankGroup(Stanbank)SouthAfricaNationalBankofEgyptEgyptBankMisrEgypt13.67.37.2FirstRandSouthAfrica6.5AttijariwafaBankMoroccoAbsaBankSouthAfrica5.95.75.5NedbankGroupSouthAfricaBanqueCentralePopulaireMoroccoCommercialInternationalBankEgyptBankofAfricaMorocco53.63.37Description:SouthAfrica'sStandardBankGrouprankedastheleadingbankinAfrica,accordingtotheleveloftier1capital,whichconsistsofcorecapital,reserves,retainedearnings,andminorityinterests.Withoperationsin20countriesinthecontinent,thebankgroupregisteredacapitalof13.6billionU.S.dollars.TheNationalBankofEgyptfollowed,with7.3billionU.S.dollarsintier1capital.ReadmoreNote(s):Africa;2021Source(s):AfricanBusiness;Moody'sAnalyticsNumberofbankcustomersinAfricaasof2020,bykeyfinancialinstitution(inmillions)NumberofbankcustomersinAfrica2020,bykeyfinancialinstitutionNumberofcustomersinmillions0246810121416StandardBankGroupNationalBankofEgypt*ABSAGroup14.8149.5FirstRand**8.23NedBankGroup7.38Description:Asof2020,StandardBankGroup,thelargestfinancialinstitutioninAfricaintermsofassets,had14.8millionclients.TheNationalBankofEgyptfollowed,with14millioncustomers.TheSouthAfricaninstitutionsABSAGroup,FirstRand,andNedBankGrouphad,respectively,9.5million,8.23million,and7.3millionactiveclientsthatsameyear.ReadmoreNote(s):Africa;2020;*AsofMarch2020.**AsofJune2020.Datahasbeencompiledbyusingthefollowingsources:

StandardBankGroup

DailyNewsEgypt

ABSAGroup

FirstRand

NedBankGroup

ReadmoreSource(s):VarioussourcesCHAPTER

02BanksandbankinginfrastructureNumberofbanksregisteredinSouthAfricafrom2006to2022NumberofregisteredbanksinSouthAfrica2006-2022403534343530252015105333333323231313131313131302902006200720082009201020112012201320142015201620172018201920202021202210Description:AsofSeptember2022,therewere31registeredbanksinSouthAfrica.Ofthose,18weredomestic,and13wereforeignbankswithbranches.Thenumberofbankshasbeenstablesince2020,droppingfrom35in2019.Intheobservedperiod,thenumberofbanksinthecountryincreasedbetween2011and2019.ReadmoreNote(s):SouthAfrica;2006to2022Source(s):SARBNumberofbanksinSouthAfricainSeptember2022,bytypeNumberofbanksinSouthAfrica2022,bytype30252028181510513540RegisteredbanksMutualbanksCo-operativebanksLocalbranchesofforeignbanksForeignbankswithapprovedlocalrepresentativeoffices11Description:AsofSeptember2022,thenumberofdomesticbanksregisteredinSouthAfricaamountedto18,whiletherewere13localbranchesofforeignbanks.Furthermore,some28foreignbankshadapprovedrepresentativeofficesinthecountry.

ReadmoreNote(s):SouthAfrica;September2022Source(s):SARBNumberofbankbranchesinSouthAfricain2022and2023,bybankNumberofbankbranchesinSouthAfrica2022-2023,bybank1,4001,1631,2001,0008006004002000860614559406StandardBankCapitecFirstRand(FRB)AbsaBankNedbank12Description:AsofDecember2022,StandardBankGroupreportedhavingatotalof1,163branchesacrossthecountriestheyoperatedin.Moreover,Capitecbankdisclosedhaving860branchesinSouthAfricabyFebruary2023,whileAbsaGrouphad559asofJune2022.ReadmoreNote(s):SouthAfrica;2022and2023Source(s):VarioussourcesNumberofcommercialbankbranchesper100,000adultsinSouthAfricafrom2005to2022CommercialbankbranchdensityinSouthAfrica2005-20221210.8310.4210.410.2410.1610.0710.139.929.779.641089.489.299.079.17.687.2375.88642020052006200720082009201020112012201320142015201620172018201920202021202213Description:In2022,thenumberofbankbranchesinSouthAfricadroppedto9.1per100,000adults.Thisrepresentedadropfrom9.48branchesper100,000adultsintheyearprior.Overall,thenumberofcommercialbankbranchespeakedin2014withintheperiodunderreview,withcloseto11branches.ReadmoreNote(s):SouthAfrica;2005to2022;18yearsandolderSource(s):IMF(FinancialAccessSurvey)Numberofautomatedtellermachines(ATMs)inSouthAfricain2022and2023,bybankNumberofATMsinSouthAfrica2022-2023,bybank9,0007,8988,0007,0006,0005,0004,0003,0002,0001,00006,2325,3644,7894,257CapitecStandardBankAbsaBankFirstRand(FRB)Nedbank14Description:AsofFebruary2023,Capitecbankreportedhaving7,898tellermachines(ATMs)inoperationinSouthAfrica.Thiswasthelargestacrossthecountry.Furthermore,StandardBankGroup(inalloperatingcountries)hadatotalof6,232ATM's,whileAbsabankreportedaround5,300operatingATMSinSouthAfrica.ReadmoreNote(s):SouthAfrica;2022and2023Source(s):VarioussourcesCHAPTER

03BankingsectorassetsTotalassetsofcentralbankinSouthAfricafrom2002to2020(inbillionU.S.dollars)AssetsofcentralbankinSouthAfrica2002-202070605040302061.158.356.353.349.24842.638.432.229.723.221.821.416.813.810.89.78.91007.3200220032004200520062007200820092010201120122013201420152016201720182019202016Description:ThetotalassetsofcentralbankinSouthAfricaincreasedoverallfrom2002to2020,despitesomefluctuation.Asof2020,theassetsofcentralbankinSouthAfricaamountedto61.1billionU.S.dollars.ReadmoreNote(s):SouthAfrica;2002to2020Source(s):FinancialStabilityBoardTotalassetsofbanksinSouthAfricafrom2002to2021(inbillionU.S.dollars)ValueofbankassetsinSouthAfrica2002-2021450400350300250200412.9

411.1369.7347.7324.7308304.9264.2242.2230.2214.1198.9195.3186.2161.115010050131.4106.79587.369.802002

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202117Description:ThevalueofassetsofbanksinSouthAfricaincreasedconsiderablyfrom2002to2020.However,in2021SouthAfricanbanks'assetsdecreasedfrom412.9billionU.S.dollarsthepreviousyear,to411.1billionU.S.dollars.Duringtheperiodunderreview,thetotalassetsofbanksinSouthAfricaincreasedyearly,onlydroppingin2009and2021.ReadmoreNote(s):SouthAfrica;2002to2021Source(s):FinancialStabilityBoardTotalassetsofthebankingsectoraspercentageofgrossdomesticproduct(GDP)inSouthAfricafrom2013to2020BankassetsasashareofGDPinSouthAfrica2013-2020100%90%88.08%83.08%81.05%80.13%80.14%79.93%78.91%77.99%80%70%60%50%40%30%20%10%0%2013201420152016201720182019202018Description:In2020,SouthAfrica'stotalbankingsectorassetsaccountedfor88.08percentofthecountry'sGDP.Theratioincreasedcomparedto83.08percentin2019.Overall,thebankingindustry'sassetsgrewrelativetothecountry'sGDPduringtheobservedperiod.ReadmoreNote(s):SouthAfrica;2013to2020Source(s):IMF;DistributionofassetsofbankingsectorinSouthAfricain2023,bybanktypeDistributionofassetsofSouthAfricanbankingsector2023,bybanktypeOtherbanks4.2%Localbranches6.3%Fivelargestbanks89.5%19Description:TheSouthAfricanbankingsectorisdominatedbyfivemajorbanks,Absa,Investec,Nedbank,FirstRand,andStandardBankGroup.AsofMarch2023,almost90percentofthecountry'sbankingassetswereheldbythosebanks.Furthermore,localbranchesofforeignbankshadjustoversixpercentofthebankingsector'stotalassets.ReadmoreNote(s):SouthAfrica;March2023Source(s):SARBForeignexchangereservesinSouthAfricafrom2016to2021(inbillionU.S.dollars)InternationalreservesinSouthAfrica2016-202151.550.549.548.547.546.545.544.543.550.348.947.446.545.542.642.541.520162017201820192020202120Description:Asof2021,SouthAfrica'sforeignexchangereservesreachedover50billionU.S.dollars.Thisrepresentedanincreasefrom47.4billionU.S.dollarsinthepreviousyear.Overtheobservedperiod,internationalreservesheldbythecountryincreasedannually,droppingonlyin2020.ReadmoreNote(s):SouthAfrica;2016to2021Source(s):AfreximbankCHAPTER

04BankingsectorperformanceReturnonequityofthebankingindustryinSouthAfricafrom2013to2022BankingROEinSouthAfrica2013-202220%18%16%17.64%16.26%16.09%15.94%14.73%14.37%14.44%13.86%13.79%14%12%10%8%6.96%20206%4%2%0%201320142015201620172018201920212022*22Description:Thereturnonequity(ROE)ofthebankingindustryinSouthAfricaoscillatedovertheobservedperiod.AsofSeptember2022,theROEforthesectorwasreportedatabout14.4percent,upfromalmost13.8percentcomparedtotheprioryear.Since2013,theROEhasbeenhighestin2016,whileitreacheditslowestlevelin2020.ReadmoreNote(s):SouthAfrica;2013to2022;twelvemonthindicatorSource(s):SARBReturnonassetsofthebankingindustryinSouthAfricafrom2013to2022BankingROAinSouthAfrica2013-20221.4%1.2%1.32%1.31%1.31%1.15%1.15%1.13%1.11%1.09%1.02%1.0%0.8%0.6%0.4%0.2%0.0%0.52%2013201420152016201720182019202020212022*23/statistics/1349285/banks-return-on-asset-south-africaAsofSeptember2022,theSouthAfricanbankingindustry'sreturnonassets(ROA)reached1.13percent.Comparedtothepreviousyear,thiswasslightlyhigherfrom1.09percent.Returnonasset(ROA)isusedtoassessprofitabilityinrelationtoassets.ReadmoreNote(s):SouthAfrica;2013to2022;twelvemonthindicatorSource(s):SARBCost-to-incomeratioofthebankingindustryinSouthAfricafrom2013to2022Bankingcost-to-incomeratioinSouthAfrica2013-202270%60%58.8%58.73%58.24%58.07%57.23%56.66%55.39%55.05%54.71%53.65%50%40%30%20%10%0%201320142015201620172018201920202021202224Description:AsofSeptember2022,theSouthAfricanbankingindustry'scost-to-incomeratioreached58.07percent.ThiswaslowercomparedtoDecemberofthepreviousyear.Thecost-to-incomeratioisakeyfinancialmeasuretoaidabank'svaluation.Itiscalculatedbydividingoperatingcostsbyoperatingincome,andassuch,alowerratioindicatesamoreprofitablebank.ReadmoreNote(s):SouthAfrica;2013to2022;twelvemonthindicatorSource(s):SARBLiquidity-coverageratio(LCR)ofthebankingindustryinSouthAfricafrom2015to2022Bankingliquidity-coverageratioinSouthAfrica2015-2022160%140%144.83%145.31%143.27%138.94%128.58%119.02%120%100%80%60%40%20%0%109.55%84.51%2015201620172018201920202021202225Description:AsofSeptember2022,theSouthAfricanbankingindustry'sliquidity-coverageratio(LCR)was145.31percent.Overtheobservedperiod,theLCRofthebankingindustrygrewannually,droppingonlyin2020.TheLCRisarequirementissuedbytheBaselCommitteeonBankingSupervisiontomakesurebankscanmeettheirliquidityneedsfor30calendardaysbyholdinghighlyliquidassets.ReadmoreNote(s):SouthAfrica;2015to2022;twelvemonthindicatorSource(s):SARBNetinterestmargin(NIM)ofthebankingindustryinSouthAfricafrom2015to2022BankingnetinterestmargininSouthAfrica2015-20224.5%3.97%3.98%3.9%3.91%3.9%3.88%4.0%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%3.81%3.74%3.76%3.67%201320142015201620172018201920202021202226Description:AsofSeptember2022,thenetinterestmarginfortheSouthAfricanbankingindustryreached3.88percent,upfrom3.81percentinDecemberofthepreviousyear.Theindexiscalculatedusingtheinterestincomeminustheinterestpaiddividedbyinterest-earningassets.ReadmoreNote(s):SouthAfrica;2015to2022;TwelvemonthindicatorSource(s):SARBCHAPTER

05LeadingbanksLeadingbanksinSouthAfricaasof2023,bytier1capital(inmillionU.S.dollars)LeadingbanksinSouthAfrica2023,bytier1capitalTier1capitalinmillionU.S.dollars6,000

8,00002,0004,00010,00012,00014,00013,212StandardBankGroupNedbank5,928FirstRand5,463AbsaBank5,345InvestecBankCapitecBank2,2201,77028Description:StandardBankGroupwastheleadingbankingserviceproviderinSouthAfricaintermsofitstier1capital.In2023,theircapitalwasover13.2billionU.S.dollars.NedbankandFirstRandfollowed,withcapitalofaround5.93billionand5.46billionU.Sdollars.ReadmoreNote(s):SouthAfrica;2023Source(s):AfricanBusiness;Moody'sAnalyticsLeadingbanksinSouthAfricaasof2023,byassets(inmillionU.S.dollars)LeadingbanksinSouthAfrica2023,byassetsValueofassetsinmillionU.S.dollars020,00040,00060,00080,000100,000120,000140,000160,000180,000169,858StandardBankGroupFirstRand93,365AbsaBank87,134Nedbank73,800InvestecBankCapitecBank33,20311,56529Description:StandardBankGroupwastheleadingbankingserviceproviderinSouthAfricaintermsofassets.In2023,theassetsownedbythebankwerearound169.9billionU.S.dollars.FirstRandandAbsaBankfollowed,withassetsofaround93.4billionand87.1billionU.S.dollars,respectively.ReadmoreNote(s):SouthAfrica;2023Source(s):AfricanBusiness;Bankers'Almanac;Moody'sAnalyticsLeadingbanksinSouthAfricaasof2023,byprofit(inmillionU.S.dollars)LeadingbanksinSouthAfrica2023,byprofitValueofprofitinmillionU.S.dollars05001,0001,5002,0002,500StandardBankGroupFirstRand2,3201,578Nedbank908AbsaBank718CapitecBankInvestecBank55437830Description:StandardBankGroupwastheleadingbankingserviceproviderinSouthAfricaintermsofprofit.In2023,theprofitgeneratedamountedtoaround2.32billionU.S.dollars.FirstRandandNedbankfollowed,withprofitsofalmost1.58billionand908millionU.S.dollars,respectively.ReadmoreNote(s):SouthAfrica;2023Source(s):AfricanBusiness;Bankers'Almanac;Moody'sAnalyticsNumberofbankcustomersinleadingSouthAfricanbanksasof2021and2022(inmillions)NumberofbankcustomersinSouthAfrica2021-2022,bykeyfinancialinstitutionNumberofcustomersinmillions02468101214161820Capitec****StandardBankGroup*ABSAGroup***1910.29.6FirstRand***9.06NedBankGroup***Investec**6.480.931Description:AsofDecember2021,StandardBankofSouthAfrica,thelargestfinancialinstitutioninAfricaintermsofassets,had10millionclientsinthecountry.Furthermore,CapitecbankhadthelargestnumberofcustomersinSouthAfrica,reaching19millionasofAugust2022.However,thebankonlyheld2.7percentoftheshareofthetotaldepositsin2021.ReadmoreNote(s):2021and2022;*AsofDecember2021.**AsofFebruary2022.***AsofJune2022.****AsofAugust2022.Datahasbeencompiledbyusingthefollowingsources:

StandardBankGroup(page40)

FirstRand(PageB19)

ABSA[...]

ReadmoreSource(s):VarioussourcesCHAPTER

06LeadingbanksperformanceReturnonequityofleadingSouthAfricanbanksasof2022ReturnonequityofbanksinSouthAfrica2022Returnonequity0%5%10%15%20%25%FirstRandAbsa20.6%16.6%16.4%StandardBankNedbank14%33Description:Returnonequity(ROE)isanimportantfinancialmeasureandshowsnetincomereturnedasapercentageofshareholderequity.Itiscalculatedbydividingnetincomebytotalshareholder'sequity.Asof2022,theROEoftheleadingSouthAfricanbankFirstRandreachedavalueof20.6percent.AbsaBankrankedsecondforthesameperiod,withanROEof16.6percent.ReadmoreNote(s):SouthAfrica;2022Source(s):AbsaGroupCost-to-incomeratioofleadingSouthAfricanbanksasof2022Cost-to-incomeratioofleadingbanksinSouthAfrica2022Cost-to-incomeratio0%10%20%30%40%50%60%59%70%StandardBankNedbankFirstRandAbsa57.3%53.2%51.5%34Description:Thecost-to-incomeratioisakeyfinancialmeasuretoaidinabank'svaluation.Itiscalculatedbydividingoperatingcostsbyoperatingincome,andassuch,alowerratioindicatesamoreprofitablebank.Asof2022,ABSAbankhadthemostfavorablecost-to-incomeratio,withavalueof53.2percent.FirstRandrankedsecondinthesameperiod,witharatioof53.2percent.ReadmoreNote(s):SouthAfrica;2022Source(s):AbsaGroupDepositmarketshareofleadingSouthAfricanbanksasof2021DepositmarketshareofbanksinSouthAfrica2021Other6.6%Capitec2.7%StandardBank22.5%Investec7.9%Nedbank17.9%FirstRand20.0%Absa20.8%35/statistics/1121188/deposit-market-share-of-banks-in-south-africaAsof2021,theleadingSouthAfricanbankStandardBankconcentrated22.5percentofthetotalvalueofallbank'sdeposits.Meanwhile,FirstRandrankedsecondforthesameperiod,withdepositsrepresenting21.5percentofdepositsreportedthatyear.ReadmoreNote(s):SouthAfrica;2021Source(s):SARBAdvancesmarketshareofleadingSouthAfricanbanksasof2021AdvancesmarketshareofbanksinSouthAfrica2021Other5.8%Capitec1.9%Investec8%StandardBank24.7%Nedbank17.6%Absa22.2%FirstRand19.9%36Description:Asof2021,themarketshareofadvancesoftheleadingSouthAfricanbankStandardBankconcentrated24.7percentofthetotalvalueofallbank'sadvances.Meanwhile,Absarankedsecondforthesameperiod,withadvancesrepresentingnearly21.3percentofadvancesreportedthatyear.ReadmoreNote(s):SouthAfrica;2021Source(s):SARBCHAPTER

07OnlinefinancialsolutionsShareofpeoplewhousedamobilephoneortheinternettosendmoneyinthepastyearinSouthAfricaasof2022,bygenderShareofpeopleusingonlinebankinginSouthAfrica2022,bygender50%45.4%44.2%45%40%35%30%25%20%15%10%5%43%0%FemaleMaleTotal38/statistics/1350310/share-of-people-using-online-banking-in-south-africa-by-genderIn2022,around44.2percentoftheSouthAfricanpopulationaged15yearsandolderusedamobilephoneortheinternettosendmoney.Thatyear,slightlymorewomenusedfeaturesofonlinebankingat45.4percent,comparedto43percentformen.ReadmoreNote(s):SouthAfrica;2022;15yearsandolderSource(s):DataReportal;Hootsuite;WeAreSocial;WorldBankShareofpeoplewhomadedigitalpaymentsinthepastyearinSouthAfricaasof2022,bygenderShareofpeoplemakingdigitalpaymentsinSouthAfrica2022,bygender80%70.8%70.5%70.2%70%60%50%40%30%20%10%0%FemaleMaleTotal39Description:In2022,approximately70percentofSouthAfricanadultsmadeadigitalpayment.At70.8percentand70.2percent,respectively,menandwomeninthecountryuseddigitalpaymentservicesalmostequally.

ReadmoreNote(s):South