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South African Bank Deposit Showing Impressive Growth Finds RNCOS - With economic development and consumer confidence in the domestic banking sector, deposits with South African Bank will surge at a CAGR of 10.5% during 2011-2014, RNCOS identified
South African Bank Deposit Showing Impressive Growth Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2011/03/25 - With economic development and consumer confidence in the domestic banking sector, deposits with South African Bank will surge at a CAGR of 10.5% during 2011-2014, RNCOS identified.

   
 
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According to our research report “South African Banking Sector Analysis”, South African banking sector is well-developed and highly liberalized. It is one of the largest and most deregulated sectors within the emerging markets. With the improvement in overall economic conditions, consumers are increasingly gaining confidence on the domestic banking system. This led to an increase in deposits with the banks of the country. Moreover, with increasing middle class population and rising per head disposable income, the overall deposits in the banks will reach to ZAR 3.4 Trillion (US$ 476 Billion) by 2014, growing at a CAGR of around 10.5% during 2011-2014.

Most of the deposits with South African banks are of local residents. These includes, the deposit within bank group, government deposits, local government deposits, public sector enterprises deposits, households, and other monetary institutions deposits. Of these, deposits of close corporation, household deposits, and interbank group deposits accounts for the major share. However, growing industrial base and favorable government support is driving the investments in the country, which in turn, propels the growth in non-resident deposits.

Further, the ongoing research found that future of the South African banking sector lies mainly in personal banking and the small and medium-sized business sector. The banks need to focus more on expansion in the domestic economy as well as emerging economies in the coming years.

Our report “South African Banking Sector Analysis” provides detail analysis of the banking sector in South Africa. It gives deep insight into each of the banking parameters, such as assets, loans, deposits, and payment instruments. Most importantly, the report presents future outlook for each of the important industry aspects (assets, loans, deposits etc) considering the effects of the global economic crisis on base drivers, opportunities, and challenges faced by the banking sector.

Additionally, the report contains detail information of key industry players (both domestic and foreign), their business strategies, and their market share. The key players discussed are ABSA Group Limited, FirstRand Limited, Nedbank Group Limited, Investec Limited, Citibank N.A., JPMorgan Chase & Co., and Deutsche Bank.

Report/IM080

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

 
 
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South African Bank Deposit Showing Impressive Growth Finds RNCOS

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