Leading banks in Africa 2023, by tier 1 capital
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South Africa's Standard Bank Group ranked as the leading bank in Africa, according to the level of tier 1 capital, which consists of core capital, reserves, retained earnings, and minority interests. With operations in 20 countries in the continent, the bank group registered a capital of 13 billion U.S. dollars as of the end of 2023. The National Bank of Egypt followed, with 7 billion U.S. dollars in tier 1 capital as of June 2023.
