SARB Bank Supervision Annual Report 2004

The South African Reserve Bank published its Bank Supervision Department Annual Report 2004 on 28 June. During 2004, the South African banking system remained stable and, in general, banks were sound, the report said.

Banks benefited from South Africa's economic health, and their financial performance was strong during the year under review. Banks remained well capitalised, and the average capital-adequacy ratio increased from 12,2 per cent in 2003 to 13,5 per cent in 2004.

Growth in the total

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