This is the list of the banks in Africa, as measured by total assets.
The list is based on the April 2023 African Business report of the 100 largest banks in Africa. [1]
Rank | Bank name | Total assets (2023) (US$ Billion) |
---|---|---|
1 | Standard Bank Group | 169.858 |
2 | National Bank of Egypt | 167.407 |
3 | Banque Misr | 118.316 |
4 | FirstRand | 93,365 |
5 | Absa Bank | 87.134 |
6 | Nedbank | 73.800 |
7 | Attijariwafa Bank | 60.337 |
8 | Banque Populaire | 47.915 |
9 | Bank of Africa | 36.672 |
10 | Access Bank | 33.448 |
11 | Investec Bank | 33.203 |
12 | Banque Nationale d'Algérie | 32.229 |
13 | Banque Extérieure d'Algérie | 29.966 |
14 | Ecobank | 29.004 |
15 | Zenith Bank | 27.446 |
16 | Commercial International Bank | 25.675 |
17 | United Bank for Africa | 24.256 |
18 | First Bank of Nigeria | 23.631 |
19 | Commercial Bank of Ethiopia | 22.711 |
20 | QNB Al Ahli | 19.515 |
21 | Banque du Caire | 16.365 |
22 | Arab African International Bank | 15.345 |
23 | Mauritius Commercial Bank | 14.479 |
24 | Guaranty Trust Bank | 14.401 |
25 | Banque de l'Agriculture et du Développement Rural | 13.300 |
26 | KCB Group | 12.594 |
27 | Société Générale Marocaine de Banques | 11.998 |
28 | Equity Bank Group | 11.727 |
29 | Capitec Bank | 11.565 |
30 | Crédit Immobilier et Hôtelier | 11.514 |
The National Bank of Greece is a global banking and financial services company with its headquarters in Athens, Greece. It is the largest Greek bank by total assets.
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second-largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
Bank of Baroda is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 153 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.
Standard Chartered plc is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
Bulge bracket banks are the world's largest multi-national investment banks, serving mostly large corporations, institutional investors and governments. The term "Bulge Bracket" comes from the way investment banks are listed on the "tombstone", or public notification of a financial transaction;, where the largest advisors on investment banking operations are listed first. The term is primarily related to the financial advisory side of the business, as opposed to sales and trading.
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.
Attijariwafa bank is a Moroccan multinational commercial bank and financial services company founded and based in Casablanca, Morocco. It is the leading bank in Morocco and the fifth largest bank in Africa in 2021, and is part of Al Mada holding company.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's fifth-largest bank by market capitalization as of August 2023, following its takeover of parent company HDFC. The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.
Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $16.1 billion in November 2023, making him the richest person in Africa, the world's richest black person, and the world's 107th richest person overall.
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019.
Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Originally identified to highlight investment opportunities, the grouping evolved into a cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009. Bilateral relations among BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.
Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.
VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens and taxpayers defrauded out of roughly R2 billion.