This archive report was first published on 12 November 2019.
Published on November 12, 2019, The Africa Report released its 200 banks ranking report, highlighting the growth of African banks in 2017.
According to the report, the top 200 banks in Africa saw a significant increase in total assets, reaching $1.74 trillion in 2017, up from $1.47 trillion in 2016. This growth was also reflected in their profits, which rose from $21.6 billion in 2016 to $25.2 billion in 2017.
Regulators in Africa were not only focused on growth but also on the ability of banks to finance the private sector, a key driver of economic development.
Kenya's Equity Bank Group was ranked #59 on the list, while Morocco's top-performing banks included Attijariwafa bank (#8), Banque Central Populaire (#10), and BMCE Bank of Africa (#13). In Nigeria, Zenith Bank was ranked #21, and in Ethiopia, the best-performing bank was ranked #152.
The rankings were based on total asset size information submitted by all African banks during the two consecutive years since 2017.
Related articles:
