Leading banks in Africa 2023, by tier 1 capital

Published by
Saifaddin Galal,
Dec 20, 2024

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 billion U.S. dollars as of the end of 2023. The National Bank of Egypt followed, with 7 billion U.S. dollars in tier 1 capital as of June 2023.

Leading banks in Africa as of 2023, by tier 1 capital (in billion U.S. dollars)

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Sources

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Release date

September 2024

Region

Africa

Survey time period

December 2023

Supplementary notes

* As of June 2023. 
** As of December 2022. 
*** As of June 2023.

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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