Africa’s banking industry has gone through huge changes during Jacko Maree’s career. The former chief executive of Standard Bank believes the future for banks on the continent looks promising, but says they will have to adapt to regulatory changes and tap new types of clients. Interview by Paul Wallace.
Latest articles from South Africa
In the latest ranking of African banks, Nigeria’s lenders had a blockbuster year in terms of profits, demonstrating their recovery from the country's 2009 crisis, while South Africa's banks remain way out in front of the rest of Africa, but continue to experience subdued growth.
Africa’s underdeveloped economies and financial sectors have proved a barrier for central banks implementing monetary policy and prudential regulation. But recent years have seen significant progress, thanks in no small part to central banks’ growing independence from governments.
Sim Tshabalala, the recently appointed co-chief executive of South Africa’s Standard Bank, tells Paul Wallace about his plans to grow in Africa and connect the region to the world’s investors. He also explains why replacing Jacko Maree with joint CEOs was the right decision.
South Africa's lenders still dominate Africa's banking landscape, but their sluggish 2012 means that the rest are making up ground.
The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. South Africa-based Capitec has been selected for the exponential growth it has achieved in its lending portfolio over the past few years.
Please select an area to explore
Most popular content
Most popular video
- Trade finance securitisation
- Getting excited about innovation
- Chapter 1 of 4: Managing intraday liquidity in a changing regulatory environment; Dodd-Frank, EMIR and Basel III – what they mean for liquidity managers
- Interview with Philip Alexander, Senior Editor, The Banker - View from EBRD 2014
- Chapter 1 of 4: Internationalisation of the renminbi; Trade and payments