What is European Banks?
Eurobanks are financial institutions that accept foreign currencies for deposits and loans. Eurocurrencies are simply foreign-denominated bank deposits held abroad. For example, dollars held abroad are known as Eurodollars.
Below Are The List Of European Banks In South Africa
Registered Local Branches of Foreign Banks
| Rank | Company | Total assets R million (31.12.2025) | Total assets R million (31.12.2025) | Annual growth (%) |
| 1 | Citibank NA | 64 944 | 76 511 | -15.12 |
| 2 | HSBC Bank, Johannesburg Branch | 45 106 | 49 806 | -9.44 |
| 3 | China Construction Bank, Johannesburg Branch | 37 567 | 32 621 | 15.16 |
| 4 | Bank of China Johannesburg Branch | 32 670 | 35 836 | -8.85 |
| 5 | Standard Chartered Bank (Johannesburg Branch) | 32 281 | 34 420 | -6.21 |
| 6 | JPMorgan Chase Bank, NA (Johannesburg Branch) | 28 524 | 57 059 | -50.01 |
| 7 | BNP Paribas South Africa | 11 204 | 14 499 | -22.72 |
| 8 | Deutsche Bank AG | 10 388 | 22 757 | -54.35 |
| 9 | Societe Generale Johannesburg Branch | 7 874 | 11 726 | -32.85 |
| 10 | State Bank of India | 7 438 | 6 995 | 6.34 |
| 11 | Bank of Baroda | 3 940 | 2 269 | 73.70 |
| 12 | Bank of Taiwan South Africa Branch | 2 008 | 1 592 | 26.14 |
| 13 | Bank of India | 427 | 478 | -10.76 |
| 14 | Canara Bank | 328 | 400 | -17.88 |
| 15 | ICICI Bank Limited | 269 | 250 | 7.75 |
Which European country is best for banking?
Britain – 2086 bankers earning more than €1 million. Despite benchmark manipulation scandals and a financial crisis, London still rules as the investment banking hub for Europe, putting the UK right at the top of the list. 1.
Can a South African open a foreign bank account?
South Africans may only open a Non-Resident bank account once they’ve formally emigrated. However, you can open a Foreign Currency account before you leave the country. You’ll also need to provide us with: Tax clearance certificate.