The weakness of the rand has done no favours for South African lenders in this year’s Top 1000 World Banks ranking. While the country’s big four all produced positive results in 2022, the currency’s weakness undermined banks’ positions relative to their international counterparts.
As a result, all but one South African bank – the continent’s largest lender, Standard Bank Group (SBG) – saw its overall position worsen in 2023’s Top 1000 ranking.
