Pre-tax profits of African banks 2000-2020
As of 2020, African banks accumulated roughly 23 billion U.S. dollars in pre-tax profits. The aggregate value increased from around 20.4 billion U.S. dollars in the previous year. In general, pre-tax profits in the continent's banking industry have increased, evolving from some 3.6 billion U.S. dollars in 2000. According to the source, African banks generate outstanding profits despite their size, and contribute to two percent of global profits in the banking sector.