Top 20 African Banks of 2024

Africa’s banking sector continues to demonstrate resilience and growth, with institutions leveraging technology, innovation, and expanding regional networks to strengthen their influence. The top 20 banks for 2024 reflect a dynamic financial landscape, dominated by institutions from South Africa, Egypt, Morocco, and Nigeria. These banks are not only pivotal to their home countries’ economies but also play significant roles in regional and international markets.

The rankings, based on total assets, highlight their importance in driving economic development, funding large-scale infrastructure, and fostering financial inclusion across the continent. From Standard Bank Group in South Africa to QNB Al Ahli in Egypt, these banks exemplify a commitment to robust financial management and strategic growth. This list offers insights into the pillars of Africa’s financial ecosystem as it evolves in a competitive global economy.

Here are the Top 20 African Banks of 2024

1. Standard Bank Group (South Africa) – $169.9 billion
2. National Bank of Egypt (Egypt) – $167.4 billion
3. Banque Misr (Egypt) – $118.3 billion
4. FirstRand (South Africa) – $93.4 billion
5. Absa Bank (South Africa) – $87.1 billion
6. Nedbank (South Africa) – $73.8 billion
7. Attijariwafa Bank (Morocco) – $60.3 billion
8. Banque Populaire (Morocco) – $47.9 billion
9. Bank of Africa (Morocco)- $36.7 billion
10. Access Bank (Nigeria) – $33.4 billion
11. Investec (South Africa) – $33.2 billion
12. Banque Nationale d’Algérie (Algeria) – $32.2 billion
13. Banque Extérieure d’Algérie (Algeria) – $30.0 billion
14. Ecobank (Togo) – $29.0 billion
15. Zenith Bank (Nigeria) – $27.4 billion