South African Banking Poised to Grow at 10% CAGR

With rise in income levels and government support, South African Banking Sector will surge at a CAGR of 10% during forecasted period, RNCOS identified. End Quote

(1888PressRelease) February 19, 2011 - According to our research report "South African Banking Sector Analysis", South African banking system is sophisticated and modern, and comparable with those in many developed countries. During the past few years, the banking system in the country has witnessed rapid growth on the back of regulated environment. Moreover, with growing middle class population, rising personal income, and favorable government support, the overall bank assets are expected to surge at CAGR of around 10% during 2011-2014.

South Africa's political transformation, together with the relaxation of exchange controls, and the liberalization of African economies, has helped the country to become an important financial center. It is now well positioned to provide global services through the international offices of its banks and the presence of international banks within the country.

We have found that the sector has been mainly protected from the direct effects of the global economic slump. Domestic banks have restrained from investing in high-risk securities and have upheld a traditional and conservative banking model. With relatively high lending standards, the banks are expected to enjoy high profitability during the forecast period (2011-2014). The banks need to focus more on expansion in the domestic economy as well as emerging economies in the coming years. Given the recent boom in mobile phones and internet accessibility, another key area for growth will be the technological upgradation in services.

Our report "South African Banking Sector Analysis" provides detail analysis of the banking sector in South Africa. It presents deep insight into each of the banking parameters, such as assets, loans, deposits, and payment instruments. Most importantly, the report provides 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 thorough 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.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM080.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com/promotion.htm

About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with 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.

###

space

Other Related Press Releases

South African Banking Poised to Grow at 10% CAGR by Rncos