Top 10 African banks on the Banking 500 list for 2020

Leading business valuation and strategy consultancy, Brand Finance recently published its Banking 500 Report 2020 , a yearly ranking of the world’s strongest and most valuable banking brands.

The company calculates the value of the brands in its league tables using the Royalty Relief approach – a brand valuation method that involves estimating the likely future revenues that are attributable to a brand.

With over 1,500 brands researched and more than 50,000 respondents surveyed across 29 countries, a total of 19 African banks from five countries made it to the global ranking which is now in its fourth consecutive year. South Africa leads the pack with seven banks, followed closely by Nigeria with five. Morocco and Egypt had three apiece, while Kenya completes the regional list with one bank.

See the full list below:

> First National Bank (South Africa)

First in Africa, 146 in the world, South Africa’s FNB fell five places from its rank of 141 in the 2019 edition. It is one of South Africa’s “big five” banks and a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange.

start=”2″> ABSA (South Africa)

Absa Group Limited , formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is an African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management. It ranks 152 on the global list, down from 150 last year.

start=”3″> Standard Bank (South Africa)

Africa’s biggest lender by assets, the Standard Bank of South Africa Limited is a financial services group. It comes third in Africa and 162 globally, falling six places from its position of 156 in 2019. The company is listed and has its corporate headquarters, Standard Bank Centre, in Johannesburg.

start=”4″> Nedbank (South Africa) Nedbank Limited is a wholly-owned subsidiary of Nedbank Group, a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. The company is ranked 177 globally, climbing up nine positions from 186 last year. start=”5″> Investec (South Africa) Founded in South Africa in 1974, Investec provides financial products and services to a select client base in three principal markets – the United Kingdom and Europe, Southern Africa and Asia-Pacific. It is positioned at 181 globally, seven places up from 188 a […]

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