SA’s major banks deliver sustained growth amidst difficult operating environment

14 March 2019 | Banking | General | PwC

Combined headline earnings up 5.1% since 1H18 (up 8.7% on an annualised basis since FY17), combined ROE of 18.9% (18.8% in 1H18), net interest margin of 4.38% (4.36% in 1H18) and cost-to-income ratio of 56.8% (55.1% in 1H18)

PwC’s Major Banks Analysis presents the highlights of the combined local currency results of Absa, FirstRand, Nedbank and Standard Bank. The analysis identifies common trends shaping the banking industry, building on previous PwC analyses that has now been for a period of over a decade.

Please click here for media statement which provides more insight on the analysis

SA’s major banks deliver sustained growth amidst difficult operating environment

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results

THE LATEST EDITION FANEWS MAGAZINE

Geopolitical risk: the rising threat to global trade and insurance markets
The regulatory tightrope: achieving consumer protection without overregulation
Liability disclaimers and consumer protection: key lessons from recent case law
From promise to payout: the real test for employee benefits
Retirement planning: when the maths doesn’t math