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South Africa’s big winners: Standard Bank and Investec

Standard Bank retains its status as Africa’s biggest bank, even as rival FirstRand closes in. John Everington reports.
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In South Africa, the last will be first and the first last, at least when it comes to the country’s banks.

Standard Bank comfortably retains its crown as the largest lender in South Africa in The Banker’s 2022 Top 1000 World Bank ranking, coming in at number 157 overall, unchanged from last year. Yet it is Investec South Africa, the country’s fifth-largest bank, that once again has been crowned best performer, with Standard Bank coming in at fifth position for overall performance.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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