Africa’s economic fortunes improved over the 2017 review period following a difficult couple of years in which lower commodity prices hit the performance of the continent’s largest markets. This slowly improving economic climate is reflected in the growth trajectory of Africa’s banks which have, across the board, posted relatively strong numbers in the 2018 Top 1000 World Banks ranking.
Among the top 10 African banks by Tier 1 capital, South Africa’s Standard Bank has once again scooped the top spot with $10bn. This was a significant jump from the $8.6bn in Tier 1 capital the bank recorded in the 2017 ranking. Accordingly, its position in the global table has climbed from 149th to 145th.
