The Banker’s 2018 Top 100 African banks ranking offers a relatively encouraging healthcheck of the continent’s largest banks. Though this year’s results are far from stellar, they nonetheless point to an upward trajectory according to most key performance metrics.
This is notable because the review period, 2016, was far from rosy for the continent as a whole. Economic growth across sub-Saharan Africa over this period was just 1.3%, as regional governments battled the fallout from collapsing commodity prices and currency volatility. The data for the 2018 rankings shows that, among other things, African lenders are beginning to adapt to these conditions.
