Cost-to-income ratio of leading banks in South Africa 2021
The cost-to-income ratio is a key financial measure to aid in a bank's valuation. It is calculated by dividing operating costs by operating income, and as such, a lower ratio indicates a more profitable bank. As of 2021, the cost-to-income ratio of the leading South African bank FirstRand reached a value of 53.1 percent. Absa Bank ranked second for the same period, with a ratio of 55.2 percent.
