African
banks have been ranked by The Banker magazine as having generated the highest
returns to shareholders in 2013. In its 2014 Top 1000 Bank ranking released
last week, The Banker said “In terms of profit generation, African banks made
the highest returns on capital of 24 per cent — double the average return for
the rest of the globe and far exceeding average returns of only four per cent
in Europe.
Standard
Bank Group South Africa’s lenders, for so long the shining light in Africa’s
representation in The Banker’s Top 1000 rankings, retain the top spots in the
regional list but mostly with falls in their Tier Africa. This is despite
African banks holding less than one per cent of global capital”.
“Global
banking profits have reached an all-time high, with
