Nedbank wins market share Johannesburg – Absa’s tight fist in granting credit is eroding its market share. Standard Bank’s market share is also shrinking, particularly in the housing mortgage market, because of disputes with mortgage originators. Nedbank is the big winner, while FirstRand is gradually expanding its market share. According to a report by Standard…
FNB breaks ranks Johannesburg – In a market environment where banks’ strict lending criteria are strangling the housing market, First National Bank (FNB) has taken the first step to make buying a house easier, by reducing its deposit requirements. At the same time the bank has come up with a rapid sales plan for sellers…
Standard Bank boosts lending Johannesburg – In terms of lending, Standard Bank is leaving other banks in the shade. In the current straitened economic conditions, Standard has expanded its lending while other banks have clamped down on advances. The latest DI900 Reserve Bank data for August shows that the lending market is still subdued. Growth…