| Banque | Rang | Total number | Market capitalization | Leader |
| Standard Bank (South Africa) | 1 | 172 | 15,7 | Sim Tshabalala |
| National Bank of Egypt | 2 | 125 | * | Hisham Ahmed Okasha |
| First Rand Limited (South Africa) | 3 | 111 | 18,8 | Alan Pullinger |
| Absa Group (South Africa) | 4 | 104 | 8 | Arrie Rautenbach |
| Nedbank (South Africa) | 5 | 71 | 5 | Mike Brown |
| Attijariwafa Bank (Morocco) | 6 | 52,9 | 9 | Mohamed-El Kittani |
| Banque Centrale Populaire (Morocco) | 7 | 45,8 | 5,1 | Mohamed Karim MOUNIR |
| BMCE Bank Of Africa (Morocco) | 8 | 34 | 3,8 | Othman Benjelloun |
| Ecobank Transnational Incorporated (Togo) | 9 | 27,3 | 2,2 | Ade Ayeyemi |
| Access Bank PLC (Nigeria) | 10 | 25 | 0,850 | Herbert Wigwe |
| Commercial International Bank (Egypte) | 11 | 24,8 | 4 | Hussein Majid Abaza |
| Zenith Bank (Nigeria) | 12 | 21,5 | 1,5 | Ebenezer Onyeagwu |
| External Bank of Algeria | 13 | 22 | * | Lazhar Latreche |
| United Bank for Africa (Nigeria) | 14 | 21 | 0,621 | Tony Elumelu |
| First Bank Nigeria | 15 | 20,5 | 0,915 | Dr. Adesola Adeduntan |
| Commercial Bank of Ethiopia | 16 | 19 | * | Abe SanoMore |
| People’s Credit of Algeria | 17 | 15 | * | Ali Kadri |
| Guaranty Trust Bank (Nigeria) | 18 | 11,9 | 1,6 | Defeat Abbaje |
| Equity Group Holding (Kenya) | 19 | 11,2 | 1,4 | Dr. James Mwang |
| BIAT (Tunisia) | 20 | 6,9 | 0,416 | Mondher LAKHAL |
| KCB (Kenya) | 21 | 6,9 | 1,15 | Paul Russo |
| BGFI Group (Gabon) | 22 | 6,6 | * | Henri-Claude Oyima |
| Oragroup (Togo) | 23 | 6,3 | 0,411 | Ferdinand YOU ARE THE ONE |
| Angolan Investment Bank | 24 | 5,5 | * | Jose Lima Mossano |
| Rawbank (RDC) | 25 | 4,2 | * | Mazhar Rawji |
| Coris Bank International (Burkina Faso) | 26 | 3 | 0,517 | Idrissa Nassa |
| Afriland First Bank (Cameroun) | 27 | 2,8 | * | Paul Fokham |
| NSIA Bank (Ivory Coast) | 28 | 2,5 | 0,234 | Jean Kacou Diagou |
| Ghana Commercial bank | 29 | 2,2 | 0,163 | John Kofi Adomakoh |
| BSIC (Libye) | 30 | 1,5 | * | Ahmed Omar El Hadi |
The size bonus
Our ranking this year is limited to two basic criteria: total balance sheet and market capitalization. Exit therefore the performance criteria (net income, distribution of dividends) and the ratios of equity (tier one) or exploitation (cost to income ratio). From a qualitative point of view, our analysis integrates the technological disruptions of the sector and no longer retains the number of country agencies among the most decisive criteria. Dematerialization, agility and the ability to deliver credit, deposit or remote transfer services are among the primary characteristics of modern banking. It should be noted that 9 of these 30 leading African banks are not yet listed on the stock exchange due to the economic history and strategic orientations of their countries of origin. Thus, Algerian, Ethiopian and Angolan banks are more than ever expected to be listed. The ranking is dominated by South African, Nigerian and Moroccan banks. The rainbow nation has 4 banks in this top 30 once morest 3 for Morocco and 5 for Nigeria. In terms of total balance sheet, the 4 aggregated South African banks weigh 458 billion dollars once morest 132.7 billion dollars for the 3 Moroccan banks and 99.9 billion dollars for the 5 Nigerian banks.
The top 5 bank of the West African giant makes less than the National Bank of Egypt (National Bank of Egypt) and its 125 billion dollars of total balance sheet. Overall, this ranking echoes the economic performance of the top-ranked countries in Africa. In French-speaking Africa, we note the development of local brands, namely BGFI Group, Oragroup, Coris Bank International, Afriland First Bank Group and NSIA Banque. These institutions are forced by the logic of the market to raise the pace of their development in a context of extensive disengagement by French banks and repeated announcements of the desire of Algerian banks to cross the Sahara. Watch for the strong comeback of BSIC, an institution that has retained all of its subsidiaries despite the Libyan crisis.
Generally speaking, commercial banks need to watch the rear view mirror. In their wake, fintechs and neobanks are making great strides, taking the retail banking sector by storm. The question seems both simple and complex: take the wave or get carried away by the wave.
Size and opinion make the bank
For sure, the WAEMU zone is regarding to experience major upheavals with the departure of certain national brands and the desire of the State of Côte d’Ivoire to have a large banking center.
