Banking cost-to-income ratio in South Africa 2013-2022
As of September 2022, the South African banking industry's cost-to-income ratio reached 58.07 percent. This was lower compared to December of the previous year. The cost-to-income ratio is a key financial measure to aid a bank's valuation. It is calculated by dividing operating costs by operating income, and as such, a lower ratio indicates a more profitable bank.