Return on equity of banks in South Africa 2022
Return on equity (ROE) is an important financial measure and shows net income returned as a percentage of shareholder equity. It is calculated by dividing net income by total shareholder's equity. As of 2022, the ROE of the leading South African bank FirstRand reached a value of 20.6 percent. Absa Bank ranked second for the same period, with an ROE of 16.6 percent.
