South African Banking Poised for Robust Growth
With limited exposure of the South African banks to the global credit crunch, assets are forecasted to increase at a CAGR of around 19% between 2009 and 2013, says RNCOS.
Noida, UP -- (SBWire) -- 11/04/2010 -- According to our research report “South African Banking Sector Analysis” South African banking sector is one of the largest and most deregulated sectors within the emerging markets. This sector is experiencing significant growth, defying the global economic slowdown. With limited exposure of the South African banks to the global credit crunch, the assets are forecasted to increase at a CAGR of around 19% during 2009 - 2013. The continued growth in the number of black people joining the ranks of the middle and high-income groups will be a key driver in rising demand for banking services during the long-term period.
Our findings show that, the South African banks have largely been protected from the direct effects of the global financial crisis. Domestic banks did not invest heavily in high-risk securities or complex instruments, and have maintained a traditional and relatively conservative banking model. They have maintained high lending standards and enjoyed high profitability for a number of years. With low levels of foreign funding, the banks have limited activity outside the African continent.
We have also found that, future of the banking sector lies mainly in personal banking and the small and medium-sized business sectors. The banks need to focus more on expansion in the domestic economy in the coming years. Given the recent boom in mobile phones and internet accessibility, another key area for growth will be the telephone and internet banking. Our report provides a detail analysis on emerging industry trends in South African banking sector.
Our research shows that South Africa's banking system is not directly exposed to sub-prime and other financial derivatives. Our report provides a deep study on risk assessment and ratio analysis. It provides deep insight into each of the banking parameters like assets, loans, deposits, and payment instruments. Most importantly, the report presents future outlook for each of the important industry aspect. Additionally, the report contains detail information of key industry players, their business strategies, and their market share.
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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.
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