Financial publication The Banker has released its list of the top 500 banks in the world – including which South African banks take top honours in the country.<\/p>\n
The Banker teamed up with Brand Finance to compile the list which looks at financial and revenue data; market demand and the position of banks in the context of all market competitors; and brand royalty rates.<\/p>\n
Standard Bank won the most valuable African banking brand accolade this year, recapturing its 2014 position\u00a0from Absa.<\/p>\n
Standard Bank\u00a0recently shifted focus to a pan-African group brand positioning strategy, which bolstered its position, the report said.<\/p>\n
Of all the South African banks ranked, Standard Bank was the only company to boost its brand value, with all other banks losing out in 2016.<\/p>\n
Other South African banks, including Absa, FNB\u00a0and\u00a0Nedbank all saw their brand values drop by over 20%.<\/p>\n
Capitec’s 2015 data was not tracked.<\/p>\n
These are the best banks in South Africa:<\/strong><\/p>\n Looking at the global picture, South Africa is ranked 25th in terms of its total banking brand value – one of only three countries in Africa to make it into the top 50, and is the highest on the continent.<\/p>\n South Africa’s total brand value is $5.16 billion – down 11% from $5.8 billion in 2015 – followed by Nigeria at $994 million, and Egypt at $536 million.<\/p>\n In terms of retail banking, the USA’s Wells Fargo is ranked at the world’s most valuable banking brand at $30 billion – with the ICBC in China ranked as the top commercial bank in the world with a brand value of $18.4 billion.<\/p>\n Russian \u2018Ponzi scheme\u2019 raises fraud flags at SA bank<\/strong><\/a><\/p>\n Here are your banking fees for 2016<\/a><\/strong><\/p>\n SA banks to tighten lending criteria in 2016: expert<\/a><\/strong><\/p>\n\n\n
\n #<\/th>\n Bank<\/th>\n Brand Value 2015 ($m)<\/th>\n Brand Value 2016 ($m)<\/th>\n Change<\/th>\n<\/tr>\n \n 1<\/td>\n Standard Bank<\/td>\n $1 264<\/td>\n $1 319<\/td>\n +4.35%<\/span><\/strong><\/td>\n<\/tr>\n \n 2<\/td>\n First National Bank<\/td>\n $1 385<\/td>\n $1 050<\/td>\n -24.19%<\/span><\/strong><\/td>\n<\/tr>\n \n 3<\/td>\n Absa<\/td>\n $1 338<\/td>\n $1 016<\/td>\n -24.07%<\/span><\/strong><\/td>\n<\/tr>\n \n 4<\/td>\n Nedbank<\/td>\n $1 169<\/td>\n $934<\/td>\n -20.10%<\/span><\/strong><\/td>\n<\/tr>\n \n 5<\/td>\n Wesbank<\/td>\n $416<\/td>\n $384<\/td>\n -7.69%<\/span><\/strong><\/td>\n<\/tr>\n \n 6<\/td>\n Capitec<\/td>\n N\/A<\/td>\n $280<\/td>\n N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n More on banks<\/h3>\n