Investors seeking high returns have cut back on various types of loan protections
Best SME Bank in South Africa - Nedbank
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.
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You may visit the Excellence in Retail Financial Services page at http://awards.asianbankerforums.com/retailfinancial/
For further information on the collaterals for winning banks, please contact:
Mr. Mobasher Zein Kazmi
Head of Research
Tel: (+61) 452 514 145
Email: mkazmi@theasianbanker.com
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