South Africa’s total banking assets grew 9 percent to 3.4 trillion rand last year, the South African Reserve Bank said.

The industry’s capital adequacy ratio was 15.1 percent, the central bank said in its bank supervision annual report, which was released in Pretoria today.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net