Standard Bank is the number one bank on the African banker according to the Banker Photo: File
Standard Bank is the number one bank on the African banker according to the Banker Photo: File

Standard Bank in top spot for African bank rankings - report

By Staff Reporter Time of article published Jul 5, 2018

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DURBAN - A list of the Top 1000 banks in the world has been released by The Banker.

South African bank Standard Bank has topped the list of the best banks on the African continent. The next three banks are also South African and the National Bank of Egypt is in fifth place. 

Altogether 5 South African banks appear in the top of Africa's best banks. 

The report by the Banker stated that among the top African banks b Tier 1 capital, Standard Bank is once again in top spot with $10 billion. 

According to the Banker, it was a major jump from the $8,6 billion they recorded in 2017 Tier 1 capital rating. 

However, in comparison to the world rankings, Standard Bank is only ranked at 145. Although in move up from position 149 in 2017 to 145 in 2018. 

Below is a table showing the top 10 African banks and where they stand on the world rankings:

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African

ranking

World

ranking

Bank

Country

Tier 1

Capital

1

145

Standard Bank

South Africa

$10,129 million

2

173

FirstRand

South Africa

$8,425 million

3

184

Absa Group

South Africa

$7,752 million

4

217

Nedbank Group

South Africa

$5,741 million

5

288

National Bank of

Egypt

Egypt

$3,904 million

6

295

Attijariwafa Bank

Morocco

$3,822 million

7

300

Groupe Banques

Populaire

Morocco

$3,756 million

8

337

Ecobank

Transnational

Togo

$3,179 million

9

338

Investec South

South Africa

South Africa

$3,163 million

10

402

Zenith Bank

Nigeria

$2,466 million

The rest of the world

Altogether the world's biggest banks have close to 12% more Tier 1 capital in the 2018 ranking than compared to 2017.

Deutsche Bank and Credit Suisse Group were two of 10 banks that moved from loss to profit for 2018 while banks like the State Bank of India and Canara Bank has some of the worst losses for 2018. 

According to the Banker, an encouraging sign of the industry's resilience is that capital is increasing at a faster pace than assets.  

Here is a table showing the top banks in the world

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World

ranking

Bank

Country

World

region

Tier 1

Capital

1

ICBC

China

Asia-Pacific

$324,126 million

2

China Construction

Bank

China

Asia-Pacific

$272,215 million

3

Bank of China

China

Asia-Pacific

$224,438 million

4

Agricultural Bank

of China

China

Asia-Pacific

$218,104 million

5

JP Morgan Chase

& Co.

USA

North America

$208,644 million

6

Bank of America

USA

North America

$191 million

7

Wells Fargo

USA

North America

$178 million

8

Citigroup

USA

North America

$165 million

9

Mitsubishi UFJ

Japan

Asia-Pacific

$153 million

10

HSBC

UK

Europe

$151 million

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