• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

10 largest banks in Africa based on asset size

3 years ago
in Banking & Finance, Business, Editor's pick, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
166
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

10 largest banks in Africa based on asset size

There are 763 commercial banks located across the 54 countries that make up the African continent.

Findings by Business Insider Africa show that Kenya and Egypt have the highest concentration of commercial banks at 39 and 37, respectively. On the other hand, Tanzania has 34 commercial banks, followed by Nigeria with 24, Uganda with 24 and Ghana with 23.

Note that the African continent has a smaller number of commercial banks compared to other continents. For context, Asia has at least 1,900, European Union has about 6,000 while the USA has more than 4,000.

In the same vein, African banks have significantly lower valuations compared to their foreign counterparts. But this is not to say that all African banks have low valuations.

As you will see shortly, some African banks have total assets valued at over $100 billion. Assets include all the properties, cash, account receivables and other valuable resources owned by corporations such as banks.

Before unveil the list, it’s important to mention that this ranking is courtesy of Statista, the leading markets and consumer data provider.

RelatedPosts

Lithium Price Surge to be Short-Lived, Analysts Say

Gold Fields Targets 20% of Global Output from Tarkwa Mine by 2026

Records Shattered at Inaugural Expanded FIFA Club World Cup in the USA

Below are Africa’s largest banks by asset size, comprised mostly of South African and North African banks.

  • Standard Bank (Stanbank) Group: At $172.9 billion, this South African bank has the largest asset size in Africa.
  • National Bank of Egypt: This Egyptian bank’s total asset size is $124.9 billion.
  • Absa Bank: This is another South African bank with an asset size of $87.8 billion.
  • FirstRand: The third South African bank on the top 10 list has a total asset size of $81.9 billion.
  • Nedbank Group: This South African bank has an asset size of $78.6 billion.
  • Attijariwafa Bank: This Moroccan bank has an asset size of $63.8 billion.
  • Banque Misr: This Egyptian bank has an asset size of $57.9 billion.
  • Banque Centrale Populaire: This is a Moroccan bank with an asset size of $49.9 billion.
  • BMCE Bank Group: This is another Moroccan bank with an asset size of $37.3 billion.
  • Investec Bank: Lastly, this South African bank has an asset size of $29.9 billion.

Tags: 10 largest banks in Africa based on asset sizeAfrica
No Result
View All Result

Highlights

FIFA Imposes Transfer Ban on Hearts of Oak Over $150,000 Hiddink Debt

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

Degas Ltd Pledges $100m to Position Ghana as Africa’s First AI-driven Agriculture Hub

Gold Fields Boosts H1 2025 Earnings, Eyes Reinvestment in Tarkwa as Damang Transition Looms

President Mahama’s High-Stakes Gamble: Is Ghana Giving Away Too Much to Foreign Investors?

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

Trending

Features

Lithium Price Surge to be Short-Lived, Analysts Say

August 22, 2025

Lithium Price Surge to be Short-Lived, Analysts Say Lithium prices surged this week on concerns about supply...

Gold Fields Targets 20% of Global Output from Tarkwa Mine by 2026

August 22, 2025

Records Shattered at Inaugural Expanded FIFA Club World Cup in the USA

August 22, 2025

FIFA Imposes Transfer Ban on Hearts of Oak Over $150,000 Hiddink Debt

August 22, 2025

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

August 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.