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The Banker publishes a list of the 1000 largest banks in the world
The South African bank Standard Bank is at the top of the best banks on the African continent. The next three banks are also South African and the National Bank of Egypt is fifth.
In total, five South African banks are at the top of the best African banks.
| Rank | World ] |
Bank | Country | Level 1 Capital |
|---|---|---|---|---|
| 1 | 145 | Standard Bank | South Africa [19659010] $ 10,129 | |
| 2 | 173 | FirstRand | South Africa | $ 8,425 million |
| 3 | 184 | Absa Group | South Africa | ] $ 7,752 million |
| 4 | 217 | Nedbank Group | South Africa | $ 5,741 million |
| 5 | 288 | National Bank of Egypt |
] Egypt | $ 3,904 million |
| 6 | 295 | Attijariwafa Bank | Morocco | $ 3,822 million |
| 7 | 300 | Group Banks People |
] Morocco | $ 3,756 million |
| 8 | 337 | Ecobank Transnational |
Togo | $ 3,179 million |
| 9 | 338 | Investe c South South Africa |
South Africa | $ 3,163 million |
| 10 | 402 | Zenith Bank | Nigeria | $ 2,466 million |
Banker's report indicates that among the leading African banks b Tier 1, Standard Bank is again in the lead with According to the banker, this is a significant jump from $ 8.6 billion recorded in 2017 in the Clbad 1 capital rating.
However, compared to global rankings, Standard Bank ranks only at 145 although it is rising from position 149 in 2017 to 145 in 2018.
In total, the largest banks in the world have nearly 12% more Tier 1 capital in 2018 than in 2017.
Deutsche Bank and Credit Suisse Group were two of the 10 banks that went from loss to profit for 2018 while banks like the State Bank of India and Canara Bank had some of the worst losses for 2018.
According to the banker, an encouraging sign of The resilience of the industry is that capital is growing at a faster rate than badets.
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