2013 Profit Ranking for the 62 Largest Indigenous Banks in the 48 countries of Sub Saharan Africa

The following is a listing of the 62 largest indigenous banks in Sub Saharan Africa (SSA) in order of profit before tax. It is the most comprehensive such list of large banks (over US$1B assets) in the 48 countries that form SSA and includes institutions not captured by The Banker or The African Report lists. There are about 400 indigenous banks in SSA.

US$ exchange rates as at April 2014.

See notes below on the data.

Notes

Data can be verified from the bank's financials (most are available on the bank's website) unless otherwise indicated. Source links are available upon request. Get in touch via the message box below or on Twitter @afrocompanies

The word 'indigenous' means banks whose head office is in Sub Saharan Africa (SSA). For this reason, the following large banks that would otherwise be on this list (their assets in SSA exceed US$ 1B as at December 2013) have been excluded:

• Barclays Bank including Absa (Head Office - UK) - 2013 SSA Profit of $1703.79 million
• Standard Chartered Bank (Head Office - UK) - 2013 SSA Profit of $619 million
• Citibank (Head Office - US) - 2013 SSA Profit Estimated at $350-450 million
• Attijariwafa Bank (Head Office - Morocco)
• Societe Generale (Head Office - France)
• BNP Paribas (Head Office - France)
• Credit Agricole (Head Office - France)
• Banco Comercial Portugues (Head Office - Portugal)
• Formento (Head Office - Portugal)
• Millenium BIM (Head Office - Portugal)
• Bank of Baroda (Head Office - India)
• State Bank of India (Head Office - India)

Comments or questions are welcome.