People & News

Standard Snapping

According to an article in the BusinessDay, Absa's share has shrunk to 33,2%, having lost 1,2% to Standard Bank last year. Standard now has 24,6% of the retail mortgage market, valued at R275 m. Overall, Standard Bank has gained 5% retail mortgage market share in three years and another 0,8% in the first quarter of this year.

The table below shows the bond market share by value of the major banks.

Market Share by bond value (%)
Bank Oct/Nov 2003 Dec/Jan 2004
Absa 29,07 32,23
FNB 13,36 14,28
Investec 4,41 3,49
Nedcor 20,50 18,54
Standard 28,34 29,65
Other 4,32 1,81

BusinessDay article

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