Standard Bank Group shows the best financial health of all the financial institutions on the African continent, according to The Banker Top 1000 World Banks 2014 rankings.
They top the list in Africa with Tier 1 capital of US$10.57-billion and pre-tax earnings of US$2,9-billion. However, the list also shows that they slipped in the global rankings, from 109th place in 2013 to 116th this year.
The Banker magazine is the world’s premier banking and finance resource. Its annual Top 1000 World Banks ranking tracks the largest bank holding companies based on Tier 1 capital, which is the core measure of a bank’s financial strength from a regulator’s point of view. It is composed of core capital, which consists primarily of common stock and disclosed reserves.
This year’s minimum Tier 1 capital for inclusion was US$391-million, compared with the US$342-million last year (a 14.5% increase).
Standard Bank Group is the largest African bank by assets and earnings. We hold total assets of close on US$162-billion) and employs close on 49 000 people on 20 countries in Africa and 13 on other continents.
