The chart below shows the Top 10 African Banks by Profit:
Click to enlarge
Source: The Banker
The list is dominated by South African banks which take the top four spots. Standard Bank Group (SGBLY) has presence in 19 countries in Africa and is one of the largest banks in South Africa. Currently the ADR pays a 4.47% dividend yield and the stock price is close to the 52-week low at $11. Nedbank Group Ltd(NDBKY) also has a high dividend yield with a yield of 4.65%. FirstRand trades under the ticker FANDY.
National Bank of Egypt is State-owned. Attijariwafa Bank and Groupe Banques Popul are Moroccan banks with rest of the banks in the list from Nigeria.
Related ETF:
- iShares MSCI South Africa Index (EZA)
Disclosure: No Positions
