Fact Files

5 Top Financial Institutions Across Africa

STANDARD BANK

Standard Bank of south Africa is Africa’s largest bank on the basis of Total asset and earnings. It also trades as Stanbic bank. It was established in 1862 and has its head-quarter in Johannesburg, South Africa.

Net worth: net income of $1.54 billion and total assets of $142.9 billion (2016)

Company size: 54,767 employees (2016)

Offices: Across: about 1300 branches across 29 countries

Current Projects: Northern Cape solar projects, Eastern Cape wind project.

A major client is MTN

 

FIRST RAND BANK

It is a financial service holding company, headquartered in Johannesburg, South Africa. Founded in 1998. It is one of the five largest banks in south Africa and sub-Saharan Africa. It has three major divisions which are separately branded: First National Bank (retail and commercial banking), Rand Merchant Bank (corporate and investment banking) and Wes bank (installment finance).

Net worth: net income of $1.8 billion and total assets of $93 billion (2017)

Company size: 44,916 employees (2017)

Offices: Over 800 retail branches in more than 10 countries

Current Projects: Sabon Gari Energy

Retail, commercial, corporate and public sector clients.

 

NED BANK

Even though Nedbank became incorporated recently, it has always been one of the big banks based in south Africa. It was established in 1888 and has its head-quarter in Sandton, south Africa.

Net worth: revenue of $6.12 billion and total assets of $79.9 billion (2017)

Company size: 31,887 employees (2017)

Offices: about 1350 branches within SA only.

Current Projects: Green Affinity projects

 

ATTIJARIWAFA BANK 

It is a 48% owned bank by the Moroccan royal family holding SNI. It was founded through the creation of Wafa bank in 1904, till when it became its current name in 2003, with its head-quarter in Casablanca, Morocco.

Net worth: net income of $583 million and total asset of $51 billion (2017)

Company size: 19,754 employees (2017)

Offices: 4,090 branches in over 26 countries

Current Projects: Ductal 3D façade, The-Gulf-of-Suez-wind-farm project

 

ECOBANK

This is the leading independent regional banking group in west Africa and central Africa. It was founded in 1985 and has its head-quarter in Lomé, Togo.

Net worth: net income of $2.11 billion and total assets of $23.6 billion (2015)

Company size: 19,568 employees (2015)

Offices: over 1200 Branches across 41 countries (of which 36 represents African countries)

Current Projects: FMO, Parkway projects, Water Facility project at Alimosho.

Governments, Financial institutions, medium, small and micro businesses and individuals.

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