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Year On Year Growth: The overall Leasing and Instalment Sale book across all South African banks grew by 6% (ZAR 20.4bn) from April 2014 until April 2015 indicating a significant slow down in the leasing industry growth rate which was nearly 14% for the period April 2012 to April 2013. The "Big 4" banks control 98% of the Leasing and Instalment Sale book.
Aggressive Smaller Players: Of the 10 non "Big 4" banks competing in the Leasing and Instalment Sale industry in South Africa, Investec, Bidvest Bank, Sasfin Bank and Mercantile Bank grew their books over the last year by 13%, -1.35%, 68% and 21% respectively. The average growth rate across the 4 small banks was 22% contrasting significantly with the lower growth rate of only 6% for the same period achieved by the "Big 4". The small banks are however coming off a small base.
Collectively, Investec, Bidvest Bank, Sasfin Bank and Mercantile Bank manage a Leasing and Instalment Sale book of ZAR 6.1bn as at the end of April 2015.
Year On Year Growth Rates Of "Big 4" Banks| Figures in ZAR | April 2014 | April 2015 | % Change | | Total (All Banks) | 338.1 bn | 358.6 bn | +06.0 | | First Rand | 121.1 bn | 124.4 bn | +2.73 | | Nedbank | 84.3 bn | 93.4 bn | +10.79 | | Standard | 62.6 bn | 63.8 bn | +1.92 | | ABSA | 63.7 bn | 69.6 bn | +9.26 |
The information is sourced from data provided by the South African Reserve Bank http://www.resbank.co.za
Other Consumer Credit Data: The National Credit Regulator reported in Dec. 2014 that the value of credit granted by Non Bank Vehicle Financiers amounted to ZAR 31.8bn for the 4 quarters ending December 2014.
As at the end of September 2014, 45% of all credit active consumers in South Africa (including but not limited to vehicle finance consumers) had impaired credit records, an increase of 1.01% for the quarter ended September 2014.
Source: http://ncr.org.za
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