Table of Contents
Introduction
Eswatini is a landlocked country in Southern Africa that was also referred to as Swaziland. Despite its small size, Eswatini has a well-developed banking system that plays an important role in the economy of the country. In this article, we will unveil the top 10 banks in Eswatini and explain what makes each of them special and how they affect the financial sector of the country.
1. Standard Bank Eswatini Limited
Standard Bank Eswatini Limited is one of the biggest banks in Eswatini that provides all sorts of banking and financial services to its customers. This is one of the biggest banks in the region and is considered as one of the most reliable financial institutions.
It provides personal and business banking, lending, home financing, and investment products; it also provides innovative online banking services so that the customers can easily operate their accounts. Being a socially responsible company, Standard Bank Eswatini is also an organization that is involved in social responsibilities such as education, health and community development.
2. Nedbank Eswatini Limited
Nedbank Eswatini Limited is characterized by a customer-centered strategy and numerous financial products. They are proud of offering products and services that are tailored to the needs of each client.
Nedbank also offers personal and business banking, wealth management and insurance services with the help of its digital channels that help customers to access their accounts easily. They also concern themselves with the environmental concerns and encourage the company’s involvement in activities that promote the sustainability of the community.
3. First National Bank Eswatini
As a member of the FirstRand Group of South Africa, First National Bank (FNB) Eswatini is one of the big banks in the country. It provides products and services to individuals and companies.
FNB offers banking and investment products, insurance services; FNB provides its clients with means of managing their funds through online and mobile banking. In the economy, FNB also has an important function of supporting the economic development by supporting small enterprises through the entrepreneurship and funding. It also offers mentorship programs to support small businesses.
4. Swaziland Building Society
Swaziland Building Society (SBS) has a particular interest in mortgage and housing finance. It was founded in 1964 and since then it has been a major player in the promotion of home ownership in the country.
SBS provides a number of mortgage products at very reasonable rates and with reasonable terms for repayment to the client. The society also involves itself with social projects that include improving people’s houses and promoting sustainable development of towns and cities.
5. Eswatini Development and Savings Bank
The state-owned Eswatini Development and Savings Bank (EDSB) is an affiliate of the king and his government, and its main goal is to enhance the financial sector and improve the lives of the poor. Their services are tailored to meet the needs of the small-scale enterprises and the target population.
Its products include savings accounts, loans, and microfinance services, which EDSB has used over the years to extend financial services to many people in rural areas. It also helps in enhancing social cohesion as it contributes to the development of the community in which it operates.
6. First Capital Bank Eswatini
First Capital Bank Eswatini, earlier known as Barclays Bank of Eswatini, is a member of First Capital Bank Group and aims to provide all the banking products and services that a customer may require. They also have online banking to help with the management of funds and performance of other banking transactions.
In its quest to support sustainable development, the bank is actively involved in social projects that are aimed at education, environmental protection, and social responsibility in general.
7. Eswatini Bank
Eswatini Bank has been in business for more than 40 years and is well known for its customer relations and support for the national economy.
The bank offers individual and corporate banking, checking and savings accounts, lending and investment products and services and has branch networks that enable it’s customers to access the bank’s services in different areas. Another important aspect is that the company is also involved in social responsibilities, including the sphere of healthcare, education, and community development.
8. SwaziBank
SwaziBank has been in existence for more than 50 years and is an important player in the financial sector of the country. It offers so many services as to include personal banking, business banking, and trade finance.
SwaziBank also engages in the financing of social and economic development through the enhancement of financial literacy among individuals and businesses.
9. First National Bank of Eswatini
Another important player is the First National Bank of Eswatini (FNB), which is a part of the huge FirstRand Group. It is one of the FNB groups that offer similar services and is a major player in the bank. FNB provides bank accounts and other financial services to individuals and firms and fosters the economic development through different programs that enhance entrepreneurship and employment.
10. Letshego Bank Eswatini
Letshego Bank is a subsidiary of the Letshego Holdings Limited and offers products and services for individuals and MSMEs. It offers personal and business loans, savings and checking accounts, and insurance products.
At the customer’s touch, the product and services provided by Letshego Bank are designed to meet the needs of their clients while promoting financial education and offering business mentoring.
