Top 10 Banks in Africa

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Methodology

Top 10 Banks in Africa

Below is a list of the top 10 African banks according to assets. African banking can be roughly split into two systems – sub-Saharan Africa and North Africa. The Top 10 listing is dominated by the ‘big 4’ South African financial giants: Standard Bank, ABSA, Nedbank and FirstRand Group. The new generation of Nigerian banks, led by Access Bank, Guaranty Trust Bank, and Zenith Bank, are emerging as dynamic players in regional markets.

The ranking for the Top 50 Banks survey uses Tier 1 capital which consists of capital + reserves + retained earnings + minority interests. The figures in local currencies are converted into US dollars at the foreign exchange rates on 31 December 2019 or on the year-end date in the results. Data comes from Moody’s Analytics BankFocus, Bankers’ Almanac and from African Business inhouse research. We have excluded some banks where data is old or unreliable.

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Ranking 2020 Ranking 2019 Bank Country Date of results Capital($m) Total Assets ($m) Net Profit/Loss ($m) CAR (%) ROA (%) ROE (%)
1 1 Standard Bank Group (Stanbank) South Africa Dec, 2019 11,090 161,875 2,184 7 1 20
2 2 Absa Bank South Africa Dec, 2019 5,936 82,505 561 7 1 9
3 3 FirstRand South Africa Jun, 2019 5,422 91,701 1,638 6 2 30
4 5 National Bank of Egypt Egypt Jun, 2019 5,370 96,671 1,210 6 1 23
5 6 Nedbank Group South Africa Dec, 2019 5,202 75,995 717 7 1 14
6 4 Attijariwafa Bank Morocco Dec, 2019 4,908 55,646 726 9 1 15
7 7 Banque Centrale Populaire Morocco Dec, 2019 4,240 45,076 406 9 1 10
8 9 Banque Nationale d’Algerie Algeria Dec, 2018 3,047 26,050 303 12 1 10
9 11 Banque Exterieure d’Algerie Algeria Dec, 2018 2,802 27,868 649 10 2 23
10 12 BMCE Bank Group Morocco Dec, 2019 2,703 32,990 269 8 1 10
11 8 Banque Misr Egypt Jun, 2019 2,604 58,086 517 4 1 20
12 19 Commercial International Bank (CIB) Egypt Dec, 2019 2,497 24,099 735 10 3 29
13 10 Investec Bank South Africa Mar, 2020 2,160 29,947 173 7 1 8
14 13 Zenith Bank Nigeria Dec, 2019 2,023 17,508 576 12 3 28
15 16 First Bank of Nigeria Nigeria Dec, 2019 1,925 19,118 204 10 1 11
16 14 Credit Populaire d’Algerie Algeria Dec, 2018 1,824 19,088 346 10 2 19
17 18 Commercial Bank of Ethiopia Ethiopia Jun, 2019 1,738 24,658 397 7 2 23
18 17 Ecobank Transnational Incorporated Togo Dec, 2019 1,692 23,641 275 7 1 16
19 20 QNB Al Ahli Egypt Dec, 2019 1,669 17,012 531 10 3 32
20 15 Arab African International Bank Egypt Dec, 2018 1,609 11,506 264 14 2 16
21 24 Access Bank Nigeria Dec, 2019 1,417 19,714 269 7 1 19
22 21 United Bank for Africa Nigeria Dec, 2019 1,412 15,459 246 9 2 17
23 25 Guaranty Trust Bank Nigeria Dec, 2019 1,357 10,369 543 13 5 40
24 22 Capitec Bank South Africa Feb, 2020 1,234 8,592 399 14 5 32
25 29 Kenya Commercial Bank (KCB) Kenya Dec, 2019 1,201 8,866 248 14 3 21

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