300 FINANCE CHAMPIONS – Stuck between the decline of the Covid crisis at the end of 2020 and the start of the war in Ukraine on February 24, 2022, the year 2021 is a period of recovery for the banking sector. Evidenced by the balance sheet total of our 200 champions, who jumped 11.01% to $2,192.57 billion. A record! As for net banking income (GNP), it experienced a complete turnaround. After a fall of 14.7% in 2020, this GNP soared by 16.59% last year, reaching 83.25 billion dollars, a hair’s breadth from that of 2019 (83.72 billion).
This picture is verified at the sub-regional level, for example for all establishments in the Uemoa zone. According to the 2021 report of the Banking Commission, the total balance sheet of the 155 banking establishments approved by the regulator jumped by 17.1% in 2021, to 55,356 billion CFA francs (84.4 billion euros). Of which testify, also, the increase, last year, of 26% (in CFA francs) of the balance sheet, and that of 15.3% of its NBI of Societe Generale Côte d’Ivoire, the first bank of the country.
Oragroup: five questions to understand the turmoil around the sale of the banking group
Like last year, the top 10 remains surprisingly stable and is made up of the same ten names (by combining the two Absa entities). This elite remains dominated by Standard Bank, now closely followed by National Bank of Egypt, which should however suffer, in 2022, from the devaluation of the pound. With Misr, Egypt places two champions in this top 10, just like Morocco. As for South Africa, it attach six.