Africa: leading countries in the banking industry 2021

South Africa holds an outstanding role in the African banking industry. As of 2021, the aggregate tier 1 capital from the major South African banks reached 34.4 billion U.S. dollars. The South African Standard Bank Group had alone a capital worth roughly 13.8 billion U.S. dollars, ranking as the leading bank in the continent. Egypt, Morocco, Nigeria, and Algeria followed in terms of aggregate tier 1 capital, composing the main banking markets in Africa.

Leading countries in the banking industry in Africa as of 2021, by aggregate tier 1 capital (in million U.S. dollars)

Characteristic	Tier 1 capital in million U.S. dollars
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Release date

April 2022

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Region

Africa

Survey time period

2021

Supplementary notes

Statista compilled the aggregate tier 1 capital for each country including banks listed by the source as the 100 leading banks in Africa as of 2021.

The source adds the following information:
"Our annual survey ranks Africa’s banks according to their Tier 1 capital. This consists of: capital + reserves + retained earnings + minority interests. These are published in local currencies and then converted into US dollars at the exchange rates at the year-end date in the results (or on 31 December 2020), so changing FX rates can affect the ranking".

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