BNP Paribas Group in South Africa is represented by:
- a Full Commercial Branch in Johannesburg.
- RCS Ltd, a South African consumer finance company based in Cape Town.
BNP Paribas South Africa Branch
We received authorisation by the South African Reserve Bank (SARB) to establish a Full Commercial and Investment Banking Branch in 2012. During 2013, we also received additional authorisations including a Financial Service Provider (FSP) License issued by the Financial Services Board (FSB) in terms of the (Financial Advisory and Intermediary Services (FAIS) Act), and Authorised Dealer in Foreign Exchange.
We were also approved in July 2014, as a clearing member of South African Multiple Option Settlement (SAMOS), which is an automated interbank settlement system provided by the South African Reserve Bank.
We offer Corporate & Institutional Banking and Investment Solutions services and act as a regional hub for BNP Paribas operations in the Southern African Development Community (SADC).
RCS Group (100% owned by BNP Paribas)
The RCS Group is a financial services company operating in South Africa, Namibia and Botswana. We acquired this company in 2014.
As a South African consumer finance company, RCS offers retail credit card programs and personal loans to approximately one million active clients.