South Africa's Standard Bank Group ranked as the leading bank in Africa, according to the level of tier 1 capital, which consists of core capital, reserves, retained earnings, and minority interests. With operations in 20 countries in the continent, the bank group registered a capital of 13.2 billion U.S. dollars as of the end of 2022. The National Bank of Egypt followed, with 7.3 billion U.S. dollars in tier 1 capital as of June 2021.
Leading banks in Africa as of 2022, by tier 1 capital
(in billion U.S. dollars)
* As of June 2021.
** As of December 2021.
*** As of June 2022.
Figures have been rounded.
The source adds the following information:
"The ranking for the Top 100 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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African Business. (October 4, 2023). Leading banks in Africa as of 2022, by tier 1 capital (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/
African Business. "Leading banks in Africa as of 2022, by tier 1 capital (in billion U.S. dollars)." Chart. October 4, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/
African Business. (2023). Leading banks in Africa as of 2022, by tier 1 capital (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/
African Business. "Leading Banks in Africa as of 2022, by Tier 1 Capital (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Oct 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/
African Business, Leading banks in Africa as of 2022, by tier 1 capital (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/ (last visited September 20, 2024)
Leading banks in Africa as of 2022, by tier 1 capital (in billion U.S. dollars) [Graph], African Business, October 4, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227542/leading-banks-in-africa-by-tier-1-capital/