Financial institutions in South Africa, Egypt, Morocco, and Algeria dominate the list.
South Africaâs banking giant Standard Bank Group is the top Bank in Africa for 2024, followed by the National Bank of Egypt, and Moroccoâs Attijariwafa Bank comes third.
Another South Africaâs Absa Bank is fourth, and Banque Centrale Populaire, a Moroccan bank, is the fifth-best bank.
According to the report, only four Nigerian banks made it to the list of the top 20 banks in the continent amid the depreciation of the naira.
FBN Holdings (First Bank of Nigeria) is the top-ranked bank in Nigeria and sits as the 15th-best in Africa.
Closely followed are Access Bank (16th) and Zenith Bank (17th).
Meanwhile, in another report, TimesNow.com.ng revealed that First Bank has announced the name change of its subsidiary in several countries to align with the parent brand.
The bank states that the move will help create brand clarity and consistency across all FirstBank Group subsidiaries.
First Bank has branches in various countries across Africa and Europe.
Source: TimesNow.com.ng
