Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. 4.28 %. Classeditori, Digital Imperative: Q&A With IBM's Likhit Wagle, Best Treasury & Cash Management Providers 2021. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ... African banks delivered some of the world’s highest returns on equity last year, but current factors make a repeat performance unlikely. For its continued investment in digital innovation, Africa’s largest retail bank, Access Bank PLC has been recognized as the ‘Best Digital Bank in Africa’ by Asian Banker. This year’s Top Banks survey looks beyond the doom and gloom of the pandemic, with a focus on the long-term trends affecting the sector. World's Best Banks 2020: Africa Best Bank in Africa. Bidvest. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. The top three banks on Forbes’ Best Banks list all came from California, with Santa Clara-based SVB Financial placing #2 and Irvine-based Pacific Premier Bancorp placing #3. First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner by Global Business Outlook. Along with Portugal’s Millennium bcp, it established a €20 million credit line to boost trade with Portugal. Earnings rose 46.5% last year and ROE was 32%. … The table below presents our 2020 ranking of Africa’s Top 100 Banks. Copyright © 2014 This article appeared in issue Last year, it introduced Rapidtransfer, a cross-border remittance app; remittances account for more than 12% of the country’s GDP. All rights Reserved. African Bank. It has also introduced new programs for entrepreneurs and small to medium-size enterprises (SME) in the southern part of the country. Stanbic acknowledges the effect the coronavirus will have on the lives of many Ugandans and the economy, says CEO Anne Juuko. Stanbic Bank Kenya was named the best investment bank in Kenya making it their second win with the Global Institution. Gambia. Home » Business » Money Market » FCMB becomes “Best SME Bank in Africa” FCMB becomes “Best SME Bank in Africa” On November 10, 2020 3:08 am In Money Market by Urowayino Jeremiah First National Bank of Namibia, the country’s largest bank and our Best Bank winner there, is part of the FirstRand Namibia Group, a financial services company listed on the Namibian Stock Exchange. It holds a 25.4% share of deposits and 19.5% of loans, and operates 200 branches with a presence in all provinces of the country. 4.02 %. Millennium bim marks its 25th anniversary in Mozambique this year. 0 Shares. Nonetheless, Tshabala says the 10-year-old strategic partnership “remains of great benefit to both parties.”. The bank has a total of 5,024 branches, including 3,483 in its home country. Latest news and information from the World Bank and its development work in Africa. The bank offers free banking to Nigerians age 55 and older. 3106. In Mali and elsewhere, Ecobank has integrated its money transfer platform with Nedbank’s mobile banking system. Today, we will help you find the best savings bank accounts in South Africa. Africa’s banks have less than 1% of total world bank capital compared to 47% for Asia, 25% for Europe and 19% for North America. Its earnings rose 4.9% last year, but ROE slipped a bit to 14.6%. CRDB Bank. Union Trust Bank, Best Bank in Sierra Leone, is the country’s only privately owned indigenous bank. While some banks offer excellent services to their customers, customers of others have to go through more difficulties in order to enjoy banking services. Zenith Bank, our winner in Nigeria, has 400 branches and business offices in all of the country’s states and the Federal Capital Territory of Abuja.