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BANKING IN AFRICA

SOME BANKING FACTS OF AFRICA

ο There are 1,921 banks in Africa ( including micro finance institutions, central banks and foreign banks )

ο Kenya is number one of Africa due to number of standard banks ( 42 )

ο Nigeria is number one of Africa due to number of micro finance institutions ( 747 )

ο Ghana is number one of Africa due to number of rural banks ( 129 )

ο Over % 65 unbanked

ο Islamic Financial market is worth close to $ 235,000,000,000

ο African Development Bank has 77 members, which 24 of them ( inc. Turkey ) are non African countries. The authorised capital of AFDB in December 2010 is $ 67,690,000,000

ο Bank of Africa operates in 12 African countries with the authorised capital of € 50,400,000 at the end of december 2010

ο The Central Bank of West African states is the common central bank of 8 member states ( Benin, Burkina Faso, Cote D'Ivoire, Guinea Bissau, Niger, Senegal, Togo ) which form the West African Monetary Union. Other West African countries have their own central banks.

ο The Bank of Central African States is a central bank that serves 6 central African countries ( Cameroun, Central African Republic, Chad, Equitorial Guinea, Gabon, Republic of Congo ) which form the Economic and Monetary Community of Central Africa. Other central African countries have their own central banks.

ο The total assets value of the strongest 50 African banks is $ 798,068,000,000 while mostly accepted gross debt of Africa is $ 300,000,000,000.

ο According to independent economists total assets value of African banks is $ 2 Trillion, while total GDP ( PPP ) of Africa is $ 2,2 Trillion

THE BEST BANKS OF AFRICA IN 2011

ο The Best Islamic Banks of Africa in 2011: Absa Islamic Banking ( Regional ), Al-Salam Bank (Algeria), Faisal Islamic Bank of Egypt ( Egypt ), Al Salam Bank ( Sudan )

ο The Best African Bank ( Euromoney ) in 2011 : Ecobank ( Togo )

οThe Best Investment Bank of Africa in 2011 : Standard Bank ( South Africa )

ο The Best Equity Bank of Africa in 2011 : Vetiva Capital Management ( Nigeria )

ο The Best Debt Bank of Africa in 2011 : Standard Bank ( South Africa )

ο The Best M&A Bank of Africa in 2011 : J.P Morgan

ο The Best Bank of Egypt in 2011 : Arab African International Bank

ο The Best Bank of Nigeria in 2011 :Vetiva Capital Management

ο The Best Bank of South Africa in 2011 :Standard Bank

SOME NOTES ABOUT THE BIGGEST AFRICAN BANK " STANDARD ( also Stanbic ) BANK "

ο The bank was formed in 1962 as a South African subsidiary of the British overseas bank Standard Bank, under the name Standard Bank of South Africa.

The British bank's history in South Africa dated back to 1862, when a group of businessmen led by John Paterson[2] formed the bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank.

It was prominent in financing and development of the diamond fields of Kimberley in 1867. The word "British" was dropped from the title in 1883. When gold was discovered on the Witwatersrand, the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira's Camp (later to be called Johannesburg), thus becoming the first bank to open a branch on the Witwatersrand gold fields. On 1 November 1901 a second branch was opened in Eloff Street of Johannesburg.

In 1920 the Standard Bank bought out the African Banking Corporation.

Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent's previous name.

The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. The Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. Standard Chartered sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South African investors

ο Total assets of $ 215,000,000,000 just with two banks in RSA ( Standard PLC & Standard Bank of South Africa )

ο Operates in 31 countries ( 17 in Africa ) including Turkey ( Standard Unlü Menkul Degerler AS )

ο It has 50,000 workers, 1,150 branches and 6,850 ATMs

ο Stanbic Africa Holdings and Liberty Holdings ( Founded by Sir Donald Gordon ) are major subsidiaries

THE STRONGEST 10 BANKS OF NORTH AFRICA

1. National Bank of Egypt. Total Assets of $40bn.

2. Banque Extérieur D’Algérie. Total Assets of $33bn.

3. Attijariwafa Bank, Morocco. Total Assets of $32bn.

4. Crédit Populaire du Maroc. Total Assets of $23bn.

5. Gumhouria Bank, Libya. Total Assets of $21bn.

6. Banque Marocaine du Commerce Extérieur. Total Assets of $18bn.

7. Libyan Foreign Bank. Total Assets of $13bn.

8. Commercial International Bank, Egypt. Total Assets of $10bn.

9. Caisse National D’Épargne, Algeria. Total Assets of $10bn.

10. Credit Populaire D’Algerie. Total Assets of $10bn.

+_____________________________________________

$ 210,000,000,000

THE STRONGEST 10 BANKS OF WEST AFRICA

1. Standard Bank, South Africa. Total Assets of $134bn.

2. First Bank of Nigeria. Total Assets of $14bn.

3. Intercontinental Bank, Nigeria. Total Assets of $12bn.

4. United Bank for Africa, Nigeria. Total Assets of $11bn.

5. Union Bank of Nigeria. Total Assets of $9bn.

6. Oceanic Bank International Nigeria. Total Assets of $8bn.

7. Ecobank Transnational, Togo. Total Assets of $8bn

8. Bank PHB, Nigeria. Total Assets of $8bn

9. Diamond Bank, Nigeria. Total Assets of $7bn

10. Guaranty Trust Bank, Nigeria. Total Assets of $6.9bn

+_____________________________________________

$ 232,900,000,000

THE STRONGEST 10 BANKS OF EAST AFRICA

1. Commercial Bank of Ethiopia. Total Assets of $5bn.

2. Kenya Commercial Bank. Total Assets of $2bn.

3. Barclays Bank of Kenya. Total Assets of $2bn.

4. Commercial Bank of Eritrea. Total Assets of $1.3bn

5. Bank of Khartoum. Total Assets of $1.3bn

6. Standard Chartered Bank of Kenya. Total Assets of $1bn

7. CRDB Bank, Tanzania. Total Assets of $1bn.

8. National Microfinance Bank, Tanzania. Total Assets of $1bn.

9. Co-Operative Bank of Kenya. Total Assets of $1bn.

10. CFC Stanbic Bank, Kenya. Total Assets of $1bn.

+________________________________________________

$ 16,600,000,000

THE STRONGEST 10 BANKS OF CENTRAL AFRICA

1 Citibank, Gabon. Total Assets of $2.3bn.

2. Groupe BGFI Bank, Gabon. Total Assets of $1.8bn.

3. BGFI Bank SA, Gabon. Total Assets of $1.2bn.

4. CCEI Bank GE, Equatorial Guinea. Total Assets of $1bn.

5. Banque International Pour L’Épargne et le Crédit, Cameroon. Total Assets of $947m.

6. Societe Génerale de Banques au Cameroon. Total Assets of $911m.

7. BICIG, Gabon. Total Assets of $792m

8. Afriland First Bank, Cameroon. Total Assets of $760m.

9. Societe Banque de Cameroon. Total Assets of $708m.

10. BGFI Bank Congo. Total Assets of $550m.

+_________________________________________________

$ 10,968,000,000

THE STRONGEST 10 BANKS OF SOUTHERN AFRICA

1. Standard Bank, South Africa. Total Assets of $134bn.

2. ABSA Group, South Africa. Total Assets of $96bn.

3. Standard Bank of South Africa. Total Assets of $81bn.

4. First Rand Bank, South Africa. Total Assets of $60bn.

5. Nedbank, South Africa. Total Assets of $60bn

6. Banco Africano De Investimentos. Total Assets of $7.7bn.

7. Citibank South Africa. Total Assets of $6.5bn.

8. Banco De Fomento De Angola. Total Assets of $6.4bn.

9. Imperial Bank, South Africa. Total Assets of $5bn.

10. Development Bank of Southern Africa, South Africa. Total Assets of $5bn.

+________________________________________________

$ 327,600,000,000

THE MOST KNOWN ISLAMIC BANKS OF AFRICA

DJIBOUTI

Saba Islamic Bank

Salaam Africa Bank

EGYPT

Faisal Islamic Bank

Arab Banking Corporation

Egyptian-Saudi Finance Bank

The Bank of Tokyo Mitsibushi UFJ

Al Baraka Islamic Bank

GAMBIA

Arab Gambian Islamic Bank

GUINEA

Islamic Bank of Guinea

KENYA

Barclays Bank

Dubai Bank

First Community Bank

Gulf Africa Bank

Kenya Commercial Bank

MAURITANIA

Bank Al Wafaa Mauritanienne

MOROCCO

Islamic International Arab Bank

NIGER

Bank Islamic Du Niger Pour le Commerce

NIGERIA

Integrated Microfinance Bank PLC

Habib Nigeria Bank

SENEGAL

Bank Islamique Du Senegal

SOUTH AFRICA

ABSA Bank Limited

Shukri Cornelius

The Bank of Tokyo Mitsibushi UFJ

An Nakheel

Albaraka Islamic Bank

Oasis Asset management

SUDAN

Agricultural Bank of Sudan

Al Rowad Financial Services Co

Al Salam Bank

Albaraka Islamic Bank

Al-Shamal Islamic Bank

Animal Resources Bank

Bank of Khartoum

Blue Nile Mashreq Bank

Byblos Bank Africa Limited

El Nilein Industrial Development bank

Emirates and Sudan bank

Export Development Bank

Faisal Islamic Bank

Farmers Commerical Bank

Financial Investment Bank

Financial Investment Bank

Habib Bank

Industrial Development Bank

Islamic Cooperative Development Bank

Ivory Bank

National Bank of Abu Dhabi-Sudan

Nileen Industrial Cooperative Bank

Omdurman National Bank

Saudi Sudanese Bank

Savings and Social Development Bank

Sudan Estates Bank

Sudanese Egyptian Bank

Sudanese French Bank

Sudanese Islamic Bank

Tadamum Islamic Bank

Workers National Bank

TUNISIA

Best Bank Tunisie

Arab Banking Corporation

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