Number of banks reached 36.0 banks in 2019 in South Africa, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in South Africa reached an all time high of 37.0 banks in 2004 and an all time low of banks in. When compared to South Africa's main peers, number of banks in Botswana amounted to 9.00 banks, 4.00 banks in Lesotho and 8.00 banks in Namibia in 2019.
South Africa has been ranked 45th within the group of 140 countries we follow in terms of number of banks, 11 places above the position seen 10 years ago.