The South African Standard Bank ranks first in the ranking of the best banks on the African continent, made by the British magazine “The Banker” which has just published its list of the 1,000 best banks in the world.
On the continent, Standard Bank is followed by three other South African banks namely FirstRand, Absa Group and Nedbank Group. They are followed by the National Bank of Egypt, which comes fifth.
According to the magazine’s report, among the leading African banks, Standard Bank’s Tier 1 capital, which represents the part deemed the most solid (the hard core) of the bank’s capital, is once again at the top of the list. $ 10 billion. This is a significant jump from the $ 8.6 billion recorded in 2017.
In the world rankings, the South African bank is ranked 145th; a relatively better ranking than last year when the bank ranked 149th.
It should be noted that the top four world markets are occupied by Chinese banks which are Industrial and Commercial Bank of China (ICBC), China Construction Bank, Bank of China and Asia-Pacific. They are followed by the American JP Morgan Chase & Co.
Ranking of the best African banks
| Ranking African | Ranking
global |
Bank | Country | Tier 1 Capital |
| 1 | 145 | Standard Bank | South Africa | $10,129 million |
| 2 | 173 | FirstRand | South Africa | $8,425 million |
| 3 | 184 | Absa Group | South Africa | $7,752 million |
| 4 | 217 | Nedbank Group | South Africa | $5,741 million |
| 5 | 288 | National Bank of Egypt |
Egypt | $3,904 million |
| 6 | 295 | Attijariwafa Bank | Marocco | $3,822 million |
| 7 | 300 | Groupe Banques Populaire |
Marocco | $3,756 million |
| 8 | 337 | Ecobank Transnational |
Togo | $3,179 million |
| 9 | 338 | Investec South South Africa |
South Africa | $3,163 million |
| 10 | 402 | Zenith Bank | Nigeria | $2,466 million |
