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These are the 15 largest banks in Africa for 2019

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  • South African banks retain positions as the top financial institutions on the continent for 2019, according to The Banker’s latest ranking of the Top 1000 World Banks.
  • South Africa, Egypt, and Morocco banks feature prominently among the largest banks in Africa.
  • Chinese banks also hold the top four places as the largest global banks.

South African banks retained their positions as the top financial institutions on the continent, according to The Banker’s latest ranking of the Top 1000 World Banks.

Just like South Africa’s banks, Chinese banks also hold the top four places as the largest global banks in the ranking whereas US banks place fifth to eighth.

In the 2019 rankings, South Africa, Egypt, and Morocco banks featured prominently among the largest banks in Africa and the world.

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Of the top 10 African banks by Tier 1 capital, South Africa’s Standard Bank retains the top spot in the 2019 rankings with $9.8 billion. 

This represented a 3.7% fall on the bank’s Tier 1 capital in the 2018 rankings, however, with its position in the global table falling from 145th to 149th, The Banker said in its latest ranking.

Nigeria’s Zenith Bank Plc featured on the top 10 list and 415th position in the world with $2.8 billion.

Business Insider SSA by Pulse looks at the top 15 largest banks in Africa for 2019: 

1. Standard Bank Group

  • South Africa
  • Tier 1 capital: $9.8 billion

2. FirstRand

  • South Africa
  • Tier 1 capital: $8.2 billion

3. ABSA Group

  • South Africa
  • Tier 1 capital: $6.8 billion

4. Nedbank Group

  • South Africa
  • Tier 1 capital: $5.1 billion

5. National Bank of Egypt

  • Egypt
  • Tier 1 capital: 4.6 billion

6. Group Banques Populaire

  • Morocco
  • Tier 1 capital: 4.1 billion

7. Attijariwafa Bank

  • Morocco
  • Tier 1 capital: $4 billion

8. Investec South Africa

  • South Africa
  • Tier 1 capital: $2.8 billion

9. Zenith Bank

  • Nigeria
  • Tier 1 capital: $2.4 billion

10. Banque Misr

  • Egypt
  • Tier 1 capital: $2.3 billion

11. BMCE Bank Group

  • Morocco
  • Tier 1 capital: $2.3 billion

12. Afreximbank

  • Egypt
  • Tier 1 capital: $2.2 billion

13. CIB Egypt

  • Egypt
  • Tier 1 capital: $1.7 billion

14. Ecobank Transnational

  • Togo
  • Tier 1 capital: $1.6 billion

15. Arab Africa International Bank

  • Egypt
  • Tier 1 capital: 1.5 billion