In 2019, the return on equity (ROE) of Zenith Bank, the pan-African banking institution based in Nigeria, stood at 23.8 percent. This was the highest ROE registered among the main banks in Africa. In the same year, the South African FirstRand Bank had a ROE of 21.7 percent. It was followed by Access Bank, whose proportion between net income and the average shareholders' equity corresponded to 17.7 percent.
Return on equity (ROE) of the largest banks in Africa as of 2019
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UNECA. (December 13, 2020). Return on equity (ROE) of the largest banks in Africa as of 2019 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/
UNECA. "Return on equity (ROE) of the largest banks in Africa as of 2019." Chart. December 13, 2020. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/
UNECA. (2020). Return on equity (ROE) of the largest banks in Africa as of 2019. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/
UNECA. "Return on Equity (Roe) of The Largest Banks in Africa as of 2019." Statista, Statista Inc., 13 Dec 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/
UNECA, Return on equity (ROE) of the largest banks in Africa as of 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/ (last visited September 20, 2024)
Return on equity (ROE) of the largest banks in Africa as of 2019 [Graph], UNECA, December 13, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1256138/return-on-equity-of-main-pan-african-banks/