NewStats: 3,259,382 , 8,169,961 topics. Date: Saturday, 24 May 2025 at 08:10 PM 6d3o1u

The largest banks in Africa excel in cross-border operations and lead the way in adopting and adapting to new technologies. Their strong financial foundations and extensive global networks ensure they remain key players in Africa’s Top 100 Banks 2024.

South Africa’s Standard Bank Group has consistently retained its position as Africa’s top bank, with the National Bank of Egypt holding firmly to second place for the fourth consecutive year. Standard Bank also leads in profitability, reporting a net profit of $2.7 billion—an 18% increase from the previous year.

While the gap between the two frontrunners has narrowed slightly, Standard Bank still maintains a commanding lead with Tier 1 capital of $12.5 billion, more than two-thirds higher than the National Bank of Egypt’s $7.5 billion, according to African Business Magazine.

Morocco’s Attijariwafa Bank has made significant gains, rising three places to third position after boosting its Tier 1 capital by 12% to reach $6 billion.

In contrast, many of Africa’s other leading banks have seen declines in their core capital compared to the 2023 rankings. The sharp depreciation of Nigeria’s naira against the US dollar has had a notable impact, as banks report financials in local currency.

Nigeria’s top-ranked bank by Tier 1 capital is FBN Holdings (First Bank of Nigeria), currently in 15th place with $1.9 billion, down one position from last year. It’s followed closely by Access Bank in 16th and Zenith Bank in 17th, the latter having dropped from 12th place, where it had been the highest-ranked Nigerian bank.

The top banks in Africa include Standard Bank Group (South Africa, tier 1 capital of $12.5 billion), National Bank of Egypt (Egypt, tier 1 capital of $7.5 billion), Attijariwafa Bank (Morocco, tier 1 capital of $6 billion), Absa Bank (South Africa, tier 1 capital of $5 billion) and Banque Centrale Populaire (Morocco, tier 1 capital of $5 billion).

Others are Banque Misr (Egypt, tier 1 capital of $5 billion), FirstRand (South Africa, tier 1 capital of $5 billion), Nedbank (South Africa, tier 1 capital of $5 billion), Banque Extérieure d’Algérie (Algeria, tier 1 capital of $3 billion) and Bank of Africa – BMCE Group (Morocco, tier 1 capital of $3 billion).

https://www.vanguardngr.com/2025/04/top-10-banks-in-africa/

No Nigerian bank in the top 10 in Africa should tell you how poor Nigeria actually is

In every indices of economic, developmental progress, Nigeria is not always in the top ranking under this dispensation. It tells a lot about how it is being istered by utterly clueless and useless entities.

SalamRushdie:
No Nigerian bank in the top 10 in Africa should tell you how poor Nigeria actually is

Meanwhile, the government miscreants and zombies will be banding statistics incongruent with everyday economic reality in Nigeria.

One acre of Naira Land for sale... here

No Nigerian bank?
Wahala.

Ok. these are big boys in banking while Nigerian banks are still serving beer.

Wey I think say UBA, Access, FBN go dey one to fifth bank for Africa

APC well done....

APC and Tinubu's ers will get solace when Reno Omokri releases the usual lamba their ears are itching to hear to negate the list.

You don't know Tinubu's ers now trust Reno Omokri more than the encyclopedia itself? Infact, Reno Omokri is now their source of validation.

Meanwhile, when GEJ was handing over to Buhari, Zenith and Ecobank were in top 10 and saw an actual growth.

Zenith was 7th position while Ecobank was 10th.

https://www.thebanker.com/content/5b4ae8bd-2dce-551a-9272-b7e4d418acd7

The countries with the top 10 banks have only the tops banks as their only banks while in Nigeria we have many banks which if combined would easily be among the top 10 in Africa.

SalamRushdie:
No Nigerian bank in the top 10 in Africa should tell you how poor Nigeria actually is

One of the major issue is the devaluation of the naira.

Their worths were reduced by almost 300%.

If we talk now, the animals will say person no dey patriotic.

Nigeria banks are overrated

faoogoke:

The countries with the top 10 banks have only the tops banks as their only banks while in Nigeria we have many banks which if combined would easily be among the top 10 in Africa.

Combine them and let us know which position you will occupy.

There are 4 south African banks there.

Defending rubbish

Ok

Racoon:
In every indices of economic, developmental progress, Nigeria is not always in the top ranking under this dispensation. It tells a lot about how it is being istered by utterly clueless and useless entities.

Nigerian banks have never ranked first in any dispensation
You people always trying to make everything seems like it's the problem of this dispensation.

Na statistics we go chop?

Don’t forget that South Africa has only 4 banks.

Nedbank
FNB
ABSA
Standard

SalamRushdie:
No Nigerian bank in the top 10 in Africa should tell you how poor Nigeria actually is

Helinues won't show up here.

Ewedegubbler:
Don’t forget that South Africa has only 4 banks.

Nedbank
FNB
ABSA
Standard

Which means the 4 banks are doing better than our million banks.

Better to have 1 or 2 that works than have plenty for the sake of it.

Na weekly and monthly charges our banks wan use kill themselves

Thanks to corruption

Upon all this thieving Nigerian banks are thieving, no single one make the top 10.


Do business, they say no. Na to follow Nigerian government to dey steal the people dry.

Bb

faoogoke:

The countries with the top 10 banks have only the tops banks as their only banks while in Nigeria we have many banks which if combined would easily be among the top 10 in Africa.

You can defend indefensible!

If one Nigerian bank enter that list, government will be looking for any mistake they have done in the past or current including the ones they have overlooked as an excuse to fine them heftily

Stanbic IBTC is part of standard bank

Zenith Bank with there usually faulty atm card system

Some people work na to wake up everyday de find bad news to use discredit Nigeria.

All of us don agree say this country no fit better, but make Una fvck off with this inferiority complex

As far as I know, Nigeria never change much from how e be when I know am in the early 2000s

The only problem with Nigeria as today na insecurity. E just too bad.

Every other indices never change

SalamRushdie:
No Nigerian bank in the top 10 in Africa should tell you how poor Nigeria actually is

The highest any Nigerian ever ranked was Access Bank in 12th position before dropping to 16th/17th this year.
It simply means no be today economic crisis started in Nigeria.

faoogoke:

The countries with the top 10 banks have only the tops banks as their only banks while in Nigeria we have many banks which if combined would easily be among the top 10 in Africa.

You guys literally defend everything. so fascinating