Standard Bank named best bank in Africa

The Banker has released a list of the world's top 1,000 banks, on which five South African banks are named.

In its list of the top 1,000 banks in the world, The Banker has named South African bank Standard Bank as the best bank on the African continent. The next three banks are also South African, while the National Bank of Egypt came in fifth.

Altogether, five South African banks appear in the list, namely Standard Bank in first place for Africa (145 world ranking), FirstRand in second (173 world ranking), Absa Group in third (184 world ranking), Nedbank Group in fourth (217 world ranking), and Investec South Africa in ninth (338 world ranking).

Also in the African top 10 are two from Morocco, namely Attijariwafa Bank in sixth place (295 world ranking) and Groupe Banques Populaire in seventh place (300 world ranking), Togo’s Ecobank Transnational in eighth (145 world ranking), and Nigeria’s Zenith Bank in tenth (402 world ranking).