Top Largest Banks in Africa

The top largest banks of Africa are Standard Bank Group, Mauritius Commercial Bank Ltd, State Bank of Mauritius, National Bank of Egypt, among others.

Standard Bank is Africa’s largest bank by assets. The Corporate and Investment Banking division offers banking, finance, trading, investment, risk management and advisory services to larger corporates, financial institutions and international counter-parties in developing economies around the world. The re-establishment of Standard Bank’s African links began in 1988, with the establishment of a branch in Swaziland and Botswana.

The Mauritius Commercial Bank Ltd and the State Bank of Mauritius are among the 10 biggest banks in Africa. The Mauritius Commercial Bank (MCB) Ltd was incorporated by Royal Charter in 1838. It is the only Mauritian bank in The Banker’s Top 1000 World Banks, ranked 743rd among the Top 1000 Banks and 25th in sub-Saharan Africa; 134th worldwide in terms of soundness (July 2010).

State Bank of Mauritius (SBM) is the second largest company listed on the Stock Exchange of Mauritius. The lines of business include: Retail Banking, Small and Medium Enterprises, Wealth Management & Private Banking, Corporate, International and Investment Banking, Treasury services, etc. In January 1998, State Bank of Mauritius "SBM Group" incorporated a new subsidiary, Banque SBM Madagascar in the capital, Antananarivo.

SBM has been awarded "Bank of the Year, Mauritius" three times since its launch by The Banker, Financial Times Group, in London. It was the first runner up in the Africa investor Index Awards 2009, in the Best Performing Ai40 Company category. It has also been awarded "Best Bank Mauritius" by Emeafinance for the African Banking Awards 2009.

* Largest Banks in:
- Kenya
- Nigeria
- Egypt
- Ghana
- Uganda
- Zambia
- Tanzania
- Zimbabwe
- South Africa