Friday, 31 March 2023

Best SME Bank in South Africa - Nedbank

5 min read

By The Asian Banker

The winning bank launched several initiatives to expand its digital footprint in its small and medium-sized enterprise (SME) customers. The bank developed an application that enables businesses to sell products and services securely and conveniently. Its networking and support platform provides advertising, coaching, relevant business support materials, and strategic initiatives for SME customers. SME deposits grew by 10.05% year-on-year. Its market share in small business increased to 24% in 2021 from 14% in the previous year, while medium enterprise’s market share rose to 22% from 19%. The Best SME Bank in South Africa is Nedbank.


About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The global research company has offices in Singapore, Malaysia, Hong Kong, Beijing and Dubai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. Visit for details.

You may visit the Excellence in Retail Financial Services page at

For further information on the collaterals for winning banks, please contact:

Mr. Mobasher Zein Kazmi

Head of Research

Tel: (+61) 452 514 145

Email: [email protected]

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