South African banks are at the top of the rankings set by the British magazine The Banker, with the unmatched Standard Bank occupying the top African position with a 143rd rank globally. The South African giant has $ 10.1 billion in equity.
It is followed by three other banks in the Rainbow Nation, namely First Rand Bank, ABSA Group and Nedbank Group, with shareholders’ equity of $ 8.4, $ 7.7 and $ 5.7 billion respectively. . Suffice to say that their immediate pursuers are preceded by a good length, following this criterion of solidity. Since the National Bank of Egypt has a total assets of $ 1.8 billion less than the fourth largest bank in the African ranking. And the difference to Standard Bank’s equity is $ 6.2 billion.
In the top 10 of Africa, there are two Moroccan institutions of pan-African dimension, including their strong presence from north to south. The sixth place goes to Attijariwafa bank, which totals $ 3.82 billion of equity. In seventh place at the continental level, the Banque Populaire Group has $ 3.76 billion.
The other three institutions that close the market are Ecobank Transnational (8th, Togo), Investec South Africa (9th, South Africa), and Zenith Bank (10th, Nigeria).
The Banker also emphasizes that South African banks remain the African champions in terms of Tier 1 capital size.
Source : The Banker
Baobab News
Redaction : S.MARAI
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