Cost-to-income ratio of leading banks in South Africa 2022
The cost-to-income ratio is a key financial measure to aid in a bank's valuation. It is calculated by dividing operating costs by operating income, and as such, a lower ratio indicates a more profitable bank. As of 2022, ABSA bank had the most favorable cost-to-income ratio, with a value of 53.2 percent. FirstRand ranked second in the same period, with a ratio of 53.2 percent.
