“The latest Boston Consulting Group retail banking index shows that South Africa's banks have continued to boost revenues at rates higher than the country's GDP - a position which is not sustainable, the group says.
BCG’s Retail Banking Index (RBI) is an analytical tool tracking the performance of South Africa’s main retail banks.
It is based on the financial results reported by the six leading retail banks in South Africa, includes the “Big Four” – Absa Bank, Standard Bank, First National Bank and Nedbank – as well as African Bank and Capitec.”
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