As of 2020, African banks accumulated roughly 23 billion U.S. dollars in pre-tax profits. The aggregate value increased from around 20.4 billion U.S. dollars in the previous year. In general, pre-tax profits in the continent's banking industry have increased, evolving from some 3.6 billion U.S. dollars in 2000. According to the source, African banks generate outstanding profits despite their size, and contribute to two percent of global profits in the banking sector.
Aggregate pre-tax profits of banks in Africa from 2000 to 2020
(in billion U.S. dollars)
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The Banker. (July 1, 2020). Aggregate pre-tax profits of banks in Africa from 2000 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/
The Banker. "Aggregate pre-tax profits of banks in Africa from 2000 to 2020 (in billion U.S. dollars)." Chart. July 1, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/
The Banker. (2020). Aggregate pre-tax profits of banks in Africa from 2000 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/
The Banker. "Aggregate Pre-tax Profits of Banks in Africa from 2000 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/
The Banker, Aggregate pre-tax profits of banks in Africa from 2000 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/ (last visited December 22, 2024)
Aggregate pre-tax profits of banks in Africa from 2000 to 2020 (in billion U.S. dollars) [Graph], The Banker, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1232283/aggregate-pre-tax-profits-of-african-banks/
