Number of bank branches in South Africa 2022-2023, by bank

Published by
Natalie Cowling,
Oct 4, 2023
As of December 2022, Standard Bank Group reported having a total of 1,163 branches across the countries they operated in. Moreover, Capitec bank disclosed having 860 branches in South Africa by February 2023, while Absa Group had 559 as of June 2022.

Number of bank branches in South Africa in 2022 and 2023, by bank

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Release date

October 2023

Region

South Africa

Survey time period

2022 and 2023

Supplementary notes

Data for Standard Bank is for the whole group and FY ending December 2022.

Data for FirstRand is for FirstRand Bank Limited (FRB) and FY ending June 2023.

Data for Absa Bank is for South Africa only and FY ending June 2023.

Data for Nedbank is for whole group and FY ending June 2023. Data is missing the number of retailers (120 retailers).

Data for Capitec in for South Africa only and FY ending Feb 2023.

Data has been compiled by Statista using the following sources:

Standard Bank Group (page 8)
FirstRand (Page B04)
ABSA Group (Page 4)
NedBank Group (Page 93)
Capitec (Page 11)

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