The 20 Richest Banks In Africa 2023...

2021 was a year of rapid recovery for Africa's biggest banks at the same time the banking sector in Africa is making sure that customers are satisfied with their services there are many banks and other financial institutions in Africa but which of the banks in Africa have the greatest amount of assets which are the richest banks in Africa keep watching to find out African business has revealed that earnings have rebounded while both capital and assets have steadily risen in this year's survey of Africa's top 20 Banks let's get started the 20 richest banks in Africa from the bottom of our list we have 20. Zenith Bank Manchuria Zenith is a multinational financial service provider based in Nigeria it is one of Africa's richest banks with total assets worth 14 billion US dollars Zenith Bank was founded by jimovia who also doubles as the chairman of the bank's board of directors this bank has over the years maintained its position as one of the best banks in Manchuria 19. Commercial International Bank Egypt the commercial International Bank of Egypt is the 19th richest Bank in Africa with total assets of about 14.5 billion US dollars as of December 2021. the bank offers a wide range of financial products and services to its customers the CIB Bank as it is commonly called was the first and only Bank in Egypt to start enforcing business continuity standards since 2010. like and share this video if you find it informative or interesting 18. Agricultural and Rural Development Bank Algeria algeria's Agricultural and Rural Development Bank was created for financial transactions in the agricultural sector it has total assets of about 16 billion US Dollars there are 422 employees working in this Bank the rural banking structures headquarters is located in algers the capital city of Algeria 17. ecobank transnational Incorporated Togo known as ecobank it is a pan-african banking conglomerate operating in 36 African countries it has total assets of about 17.5 billion dollars the bank was founded in 1985 as the financial arm of the economic community of West African States ecobank is the leading independent Regional banking group in West and central Africa and its headquarters is in lome Togo 16. First Bank of Manchuria Manchuria First Bank Limited in Nigeria is a multinational banking structure which offers Financial Services to organizations and individuals in Nigeria and other parts of the world the total assets held by this Bank are worth 17.8 billion US Dollars the Bank specializes in retail Banking and has the largest client base in West Africa with over 18 million customers it was created in 1894 and today it has about 16 000 employees with headquarters in Lagos Nigeria it has also been operating in London since 1982. 15. jumhoria Bank Libya the jump Warrior Bank in Libya is one of the richest banks in Africa with total assets of about 17.9 billion US Dollars jamoria bank with its wealthy standard seeks to introduce its clients and customers to all that is new in the banking sector and also make them adapt to Libyan technology it has over 147 branches spread across Libya and a market share of about 33 percent in Libya 14. Libyan foreign Bank Libya the Libyan foreign Bank was established in 1972 in trampoline today it carries out operations with member branches in about 28 countries the bank's total asset is 18 billion US dollars Muhammad Ali Al durat is the chairman and main controller of the Affairs of this Bank the Libyan foreign Bank provides services and operations to facilitate International Trade money flows for investment and payment and Loans to the government and official institutions as well as to the private sector next 13. United Bank for Africa Manchuria the United Bank for Africa known as uba is a renowned multinational pan-african Financial corporation which has its headquarters in Lagos Nigeria it is one of the richest banks in Africa with total assets of 18.5 billion US dollars this bank has subsidiaries in over 20 African countries and as well has offices in the United States Europe and Asia the United Bank for Africa has more than 20 thousand employees and over 21 million customers spread across the continent 12. National Bank of Algeria Algeria the National Bank of Algeria which was established in the 1960s has grown into a very prosperous financial service provider with total assets of about 21 billion US Dollars the bank strives to give quality services to its customers through a well-trained working staff do not forget to like this video 11. Morocco Bank of exterior Commerce Morocco the Morocco Bank of exterior Commerce is a financial group with nearly 2 million bank accounts in some 20 business centers it is one of the richest banks in Africa with total assets of about 24.3 billion US Dollars according to the African Business Report the Morocco Bank of exterior commerce was created in 1959 and has established a reputation as a leader in the Moroccan banking sector and is known for its pioneering initiatives in the field of sustainable Banking and green Finance 10. the people's Central Bank Morocco the people's Central Bank of Morocco is a major Bank in the country its total assets amount to about 27.6 billion US Dollars the largest shareholder in this bank is the finance com group with 36.3 percent of its shares the people's Central Bank of Morocco maintains overseas offices in Germany England Canada Spain France Gibraltar Netherlands and Belgium 9. Mr Bank Egypt according to our findings The Miser Bank in Egypt is the ninth richest Bank in Africa with total assets of 29 billion dollars the Mizer Bank was founded in 1920 by Egyptian Economist Muhammad talith harpasha and industrialist Joseph aisland katuipasha the bank has Branch offices in all of Egypt's governorates and also permits work with foreign customers the Mizer Bank of Egypt also offers services such as real estate for clients portfolio Management telephone banking and many others eight investic Bank South Africa investec is an anglo-south African International Banking and wealth management group with headquarters in South Africa and London it provides a range of financial products and services to a client base in Africa and other parts of the world the total asset of investic bank is 31 billion US Dollars and it is one of the richest banks in Africa there are 8 200 employees in this bank which is highly supportive of South African development next 7. the Algerian exterior Bank Algeria the Algerian exterior bank has total assets of 34 billion US dollars in 2019 the bank increased its share capital from 150 billion to 230 billion Algerian dinars the bank also has branches in other parts of the world such as France amongst others 6. adajariwafa Bank Morocco the adajari wafa bank is a multinational Commercial Bank and financial service company founded ant-based in robat Morocco it is one of the leading banks in the country and Africa at large with total assets amounting to 40 billion US dollars this bank has about 4 930 branches spread across several continents of the world at tajariwafa bank began operating in 1911 and has about 26 000 employees today Mohamed El katani has been its chief executive officer since 2007. 5. National Bank of Egypt Egypt the National Bank of Egypt is one of the largest in the country founded in 1898. it is also one of Africa's biggest in terms of assets deposits loans Bank Capital number of branches and employees but what makes it feature on our list are its total assets of about 50.6 billion US Dollars this bank accounts for 23 percent of the Egyptian banking system's total assets 25 percent of total deposits and another 25 percent of total loans and advances in 2016 the National Bank of Egypt received the global Brands magazine Awards as the best banking performer in Egypt four nedbank South Africa netbank is a Financial Service Group in South Africa that offers wholesale and Retail banking services as well as insurance asset management and wealth management to its customers it is one of the richest banks in Africa with total assets amounting to 80 billion US dollars the headquarter is in Johannesburg and the bank has more than 34 000 employees in southern Africa where its primary Market is situated outside Africa the bank offers Financial Services to African residents in other parts of the world like the UK and the UAE let's now move to the top three on our list three first Rand Bank South Africa first Rand Bank limited as it is officially called is another bank in South Africa that appears as the third richest Bank in Africa the total asset in monetary terms held by this bank is 94 billion US dollars first Rand bank is one of the financial service providers licensed by The Reserve Bank of South Africa which is the national banking regulator this bank is listed both in the Johannesburg and namibian stock exchanges and has also been awarded as one of the best banking bodies in South Africa 2. Absa Bank South Africa Absa bank is a pan-african bank that has been in existence for the past 150 years the bank provides services to customers in more than 12 countries and is one of the richest in Africa with total assets of about 97.5 billion US dollars amsa Bank employs over 42 000 people and its vision is to transform investment opportunities in Africa into something exceptional through partnership and also to seek Universal solutions to the business needs of customers the bank also operates in places like London in the United Kingdom and New York in the United States of America one Standard Bank South Africa Standard Bank is the richest Bank in Africa with total assets worth 184.5 billion US Dollars it is also ranked 152nd richest Financial house in the world by the World Bank the bank has its headquarters in Johannesburg and several Affiliates across South Africa the bank equally serves five continents of the world employing more than sixty thousand persons it was prominent in the financing and development of the diamond fields of Kimberly in the 1880s have you been undermining the banking sector in Africa as you have seen South Africa holds the majority of the richest banks in Africa because of high Capital mobility and the presence of very skilled Professionals for these services the richest African banks are mostly based either in the north or south of the continent at ajari wafa and the National Bank of Egypt have steadily moved up in rankings over the past years breaking up what used to be a solid block of four or even five South African banks at the top of the table let us know what you think about African banks in the comments also do not forget to like the video and subscribe to our Channel as we will continue to serve you with interesting facts about Africa thanks for watching and see you in our next video [Music]

Channel: The New Tourist

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Id: tSaw7EP9qDQ

Length: 13min 1sec (781 seconds)

Published: Sat Oct 29 2022