Standard Bank in top spot for African bank rankings – report

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:

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

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

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