Leading countries in the African banking industry 2022, by tier 1 capital
South Africa holds an outstanding role in the African banking industry. As of 2022, the aggregate tier 1 capital from the major South African banks reached 42.2 billion U.S. dollars. The South African Standard Bank Group had alone a capital worth roughly 11.7 billion U.S. dollars, ranking as the leading bank in the continent. Egypt, Morocco, Nigeria, and Kenya followed in terms of aggregate tier 1 capital, composing the main banking markets in Africa.
