As of 2022, Nigeria's Zenith Bank and Access Bank were the leading banks in West Africa in terms of tier 1 capital. Each accumulated tier 1 capital of around 2.58 billion and 2.4 billion U.S. dollars, respectively. Moreover, First Bank of Nigeria registered an approximate value of 2.22 billion U.S. dollars, ranking it third in the West African region. Tier 1 capital consists of core capital, reserves, retained earnings, and minority interests.
Leading banks in West Africa in 2023, by tier 1 capital
(in million U.S. dollars)
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 the year-end date in the results, which was December 31, 2022. 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".
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
African Business. (October 3, 2023). Leading banks in West Africa in 2023, by tier 1 capital (in million U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/
African Business. "Leading banks in West Africa in 2023, by tier 1 capital (in million U.S. dollars)." Chart. October 3, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/
African Business. (2023). Leading banks in West Africa in 2023, by tier 1 capital (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/
African Business. "Leading Banks in West Africa in 2023, by Tier 1 Capital (in Million U.S. Dollars)." Statista, Statista Inc., 3 Oct 2023, https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/
African Business, Leading banks in West Africa in 2023, by tier 1 capital (in million U.S. dollars) Statista, https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/ (last visited December 23, 2024)
Leading banks in West Africa in 2023, by tier 1 capital (in million U.S. dollars) [Graph], African Business, October 3, 2023. [Online]. Available: https://www.statista.com/statistics/1261978/leading-banks-in-west-africa-by-tier-1-capital/
