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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

Source: The 10 Biggest Banks in Africa in 2010