Nedbank is the Best SME Bank in South Africa, Says Asian Banker

Following a series of international award wins in 2024, Nedbank has once again reinforced its position as the leading bank for small and medium enterprises (SMEs) after securing international recognition yet again as Asian Banker’s Best SME Bank in South Africa Award at the Global Middle East and Africa Awards for the fourth consecutive year.

The Asian Banker runs the most prestigious awards programmes in the industry, covering the full spectrum of topics and areas that constitute the financial services through a rigorous, independent evaluation process.

Along with this, Nedbank has also secured at the inaugural Digital Banker Global SME Banking Innovation Awards recognition as Best SME Bank, South Africa, for 2025, and received both the Global Finance Magazine and Global Banking & Finance Review Awards for Best SME Bank in South Africa.

The Digital Banker Global SME Banking Innovation Awards are the first of their kind. The assessment programme is designed to honour and celebrate the world’s preeminent SME banking players. SME banks must demonstrate capabilities and competencies that are unmatched and transformative in nature, redefining models of customer engagement with SMEs and providing a cutting-edge product portfolio and solution sets to empower SME growth.

“These international awards affirm Nedbank’s unwavering focus on delivering a compelling value proposition for SMEs, offering tailored banking solutions, expert guidance, and seamless digital experiences designed to help businesses thrive,” says Alan Shannon, Executive: Small Business at Nedbank. “More than just banking, we see SMEs as the backbone of our economy, and we are dedicated to fostering their growth for the broader benefit of our country’s economy. These accolades reinforce our purpose of using our financial expertise to do good by enabling small businesses to scale, create jobs, and contribute meaningfully to economic development.”

In 2024, Nedbank’s small-business bankers supported 317 000 clients across all industries, assisting with their transactional, payment, investment, and financing needs. The bank also offers specialised services to the medical, franchising, and agricultural sectors. Having facilitated R5,4 billion in asset payouts for small-business development during the year, the bank has leveraged its nationwide footprint to make world-class banking solutions accessible to businesses across South Africa, from urban hubs to rural towns.

“Our Small Business Services offering includes a comprehensive suite of financial solutions designed to meet the unique needs of entrepreneurs at every stage of their journey. Whether you’re starting out, expanding, or managing day-to-day operations, our dedicated small-business bankers are here to provide expert guidance and support,” he added. “We remain committed to supporting small businesses so that they can keep their doors open and thrive,” Shannon concludes.