The Global Finance magazine recently published the list of biggest banks in emerging markets. The table below lists the ten biggest banks in Africa for 2010. These banks were ranked based on their total assets as of September, 2010. The data was provided by Bankersalmanc.com.
| Rank | Bank Name | Country |
|---|---|---|
| 1 | The Standard Bank of South Africa | South Africa |
| 2 | Absa Bank | South Africa |
| 3 | Nedbank | South Africa |
| 4 | FirstRand Bank | South Africa |
| 5 | Banque Exterieure dAlgerie | Algeria |
| 6 | Attijariwafa bank | Morocco |
| 7 | Banque Centrale Populaire | Morocco |
| 8 | Banque Marocaine du Commerce Exterieur | Morocco |
| 9 | Investec Bank | South Africa |
| 10 | Banque Nationale dAlgerie | Algeria |
South Africa-based Standard Bank Group Ltd (OTC:SBGOY.PK) and Nedbank Group (OTC:NDBKY.PK) have a 2.38% and 2.93% yield respectively.
Disclosure: No positions
