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Top 1000 World BanksSeptember 1 2021

Investec outruns its rivals in South Africa

Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
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Investec has secured the crown of South Africa’s best-performing lender for the second year running. Despite being one of the country’s smaller lenders — its asset base base is around a fifth the size of the country’s largest lender Standard Bank — Investec took first position in four out of the eight measures tracked in the 2021 performance rankings.

The bank’s chart-topping performance in asset quality in particular stands out. After a tough year for South African lenders, Investec’s non-performing loan ratio stood at just 2.6% for the year ending March 2021, compared with 4.37% (as of December 2020) for FirstRand, the next best performer in the country.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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