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Total Value Of Leases And Instalment Sales Reported By Banks In South Africa As At April 2015:ZAR 359bn (an additional ZAR 70.1bn of credit agreements were reportedto the National Credit Regulator by Non Bank Vehicle Finance Companies as at December 2014 http://ncr.org.za)
Product Of Choice:Instalment Sales are preferred over Leases by a significant margin i.e. > 96%
Major Players By Market Share:First Rand Bank Limited 35%, Nedbank Limited 26%, ABSA Group Limited 19% and Standard Bank Of South Africa Limited 18% (% rounded). Together, these 4 banks account for 98% of all Leasing and Instalment Sale business reported to the SA Reserve Bank.
Customer Segment Focus| Bank | Financial Corporate | Non Financial Corporate | Household | Other | | First Rand Bank | < 1% | 23.29% | 75.80% | < 1% | | Nedbank | < 1% | 20.74% | 78.64% | < 1% | | Standard Bank | < 1% | 54.83% | 43.73% | < 1% | ABSA
Bank | < 1% | 29.90% | 69.40% | < 1% |
The information is sourced from data provided by The South African Reserve Bank http://www.resbank.co.za
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