Investec Bank Ranking
The Banker has published its latest ranking of the top 1000 banks in the world – including the biggest players in South Africa.
Standard Bank has again topped the ranking for South Africa, with the group recording tier 1 capital of $10.13 billion in 2018, significantly higher than the $8.6 billion recorded in 2017.
The group is followed by FirstRand, which recorded $8.43 billion.
Absa bank, which is now being included in the African ranking, following its separation from Barclays, now occupies the third spot in the Africa regional table and 184th in the global ranking with $7.7 billion in Tier 1 capital.
Nedbank, which was ranked third in 2017, now slips to fourth, but also managed to grow its Tier 1 capital to $5.74 billion.
“Africa’s economic fortunes improved over the 2017 review period following a difficult couple of years in which lower commodity prices hit the performance of the continent’s largest markets,” The Banker said.
“This slowly improving economic climate is reflected in the growth trajectory of Africa’s banks which have, across the board, posted relatively strong numbers in the 2018 Top 1000 World Banks ranking.”
This is how South Africa’s banks performed:
|SA #||#||Bank||Tier 1 Capital $m|
|1||145||Standard Bank||10 129|
While occupying most of the top 5 banks in Africa, all of South Africa’s banks features as some of the biggest growers over the past year, recording double-digit growth in Tier 1 Capital across the board.
Capitec saw the biggest increase in Tier 1 capital, climbing just over 29%, followed by FirstRand which saw its Tier 1 capital grow 22% over the period.
Absa, Nedbank and Investec saw their capital grow by around 19%, while Standard Bank had to lowest growth at 17.4%.