Top Banks in Africa (2024)

Below is a list of the top 150 African banks according to assets. African banking can be roughly split into two systems - sub-Saharan Africa and North Africa. The Top 150 listing is dominated by the 'big four' South African financial giants: Standard Bank, ABSA, Nedbank and FirstRand Group. The new generation of Nigerian banks, led by Access Bank, Guaranty Trust Bank, and Zenith Bank, are emerging as dynamic players in regional markets.

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RankBankCountryTotal Assets, US$bnDate
1Standard Bank GroupSouth Africa184.51831.12.2011
2Absa GroupSouth Africa97.24131.12.2011
3FirstRandSouth Africa94.14431.12.2011
4Nedbank GroupSouth Africa80.11031.12.2011
5National Bank of EgyptEgypt50.66531.12.2011
6Attijariwafa BankMorocco40.02631.12.2011
7Banque Exterieur d'Algerie (BEA)Algeria34.37331.12.2011
8Investec BankSouth Africa31.33531.12.2011
9Banque MisrEgypt29.43630.06.2011
10Credit populaire du Maroc (Groupe Banque Centrale Populaire)Morocco27.66231.12.2011
11Banque Marocaine du Commerce (BMCE)Morocco24.23931.12.2011
12Banque Nationale d'Algerie (BNA)Algeria21.12531.12.2011
13Bank MuscatOman18.77431.12.2011
14Libyan Arab Foreign Bank (LAFB)Libya18.00031.01.2012
15Gumhouria BankLibya17.51331.12.2009
16First Bank of NigeriaNigeria17.39331.12.2011
17Ecobank Group (Ecobank Transnational Incorporated (ETI))Togo17.16231.12.2011
18Al Baraka Banking GroupBahrain17.15431.12.2011
19Commercial International Bank (CIB)Egypt14.18931.12.2011
20Zenith BankNigeria14.14731.12.2011
21Credit Populaire d'Algerie (CPA)Algeria12.10931.12.2011
22Banque de l'Agriculture et du Développement Rural (BADR)Algeria12.01031.12.2011
23United Bank for AfricaNigeria11.90131.12.2011
24CNEP Banque (Caisse Nationale d’Epargne et de Prévoyance-Banque)Algeria11.35731.12.2009
25National Societe Generale BankEgypt10.37631.12.2011
26Access BankNigeria10.01431.12.2011
27Guaranty Trust BankNigeria9.87431.12.2011
28Societe Generale Marocaine de BanquesMorocco9.34731.12.2011
29EFG-Hermes HoldingEgypt8.70731.12.2011
30Bank PHB (now Keystone Bank)Nigeria8.50030.06.2008
31Banque Marocaine pour le Commerce et l'Industrie (BMCI)Morocco8.36631.12.2011
32Banco Angolano de Investimentos (BAI)Angola8.22231.12.2010
33Bank of BotswanaBotswana8.12231.12.2011
34Banco Espírito Santo Angola (BESA)Angola7.75031.12.2010
35HSBC Bank EgyptEgypt7.48331.12.2010
36Arab African International BankEgypt7.43731.12.2011
37Banque du CaireEgypt7.33730.06.2010
38African Bank InvestmentsSouth Africa7.28031.12.2011
39Banco de Poupança e Crédito (BPC)Angola7.11331.12.2010
40Sahara BankLibya7.08831.12.2011
41Banque Algerienne de Developpement (BAD)Algeria6.50431.12.2009
42Banco de Fomento Angola (BFA)Angola6.33431.12.2010
43Bank of AlexandriaEgypt6.27231.12.2011
44The Mauritius Commercial BankMauritius6.20431.12.2011
45Oceanic Bank InternationalNigeria6.17430.06.2011
46Wahda BankLibya6.16731.12.2009
47Union Bank of NigeriaNigeria6.13031.12.2010
48Development Bank of Southern Africa (DBSA)South Africa5.85831.03.2012
49Faisal Islamic Bank of EgyptEgypt5.81831.12.2011
50Skye BankNigeria5.67931.12.2011
51CitibankSouth Africa5.66331.12.2011
52Credit du MarocMorocco5.46331.12.2011
53Banque Internationale Arabe de TunisieTunisia5.38231.12.2011
54Commercial Bank of EthiopiaEthiopia5.00130.06.2011
55Principal Bank for Development and Agricultural Credit (PBDAC)Egypt4.97731.03.2011
56Diamond BankNigeria4.92331.12.2011
57Societe Tunisienne de Banque (STB)Tunisia4.89930.06.2011
58Banco BICAngola4.78031.12.2010
59Banque de Developpement Local (BDL)Algeria4.56531.12.2009
60Banque Nationale Agricole (BNA)Tunisia4.55030.06.2011
61Credit Agricole EgyptEgypt4.54531.03.2012
62Fidelity BankNigeria4.53931.12.2011
63BGFIBank Group S.A.Gabon4.50631.12.2011
64Bank of Africa GroupMali4.49031.12.2010
65Credit Immobilier et Hotelier (CIH)Morocco3.93431.12.2011
66Kenya Commercial Bank (KCB)Kenya3.88731.12.2011
67Arab International BankEgypt3.78031.12.2011
68Housing & Development BankEgypt3.70231.12.2011
69Amen BankTunisia3.69331.12.2011
70First City Monument Bank (FCMB)Nigeria3.68631.12.2011

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(1) In January 2012, Access Bank completed acquisition of the Intercontinental Bank plc.
(2) In August 2011, Keystone Bank assumed the deposit liabilities and assets of Bank PHB following the revocation of Bank PHB's operating license by the Central Bank of Nigeria.
(3) Banco Angolano de Investimentos was formerly known as Banco Africano de Investimentos.

Top Banks in Africa (2024)
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