Twelve banks from Angola and Mozambique in the list of 100 largest in Africa

22 October 2015

Nine banks from Angola and three from Mozambique are on the list of 100 largest banks in Africa by capital, according to the 2015 list drawn up by the African Business magazine.

The first of the 12 banks from Portuguese-speaking countries to appear on the list is Banco Económico de Angola, formerly Banco Espírito Santo Angola, in 16th place with capital of US$1.583 billion, rising 12 places compared to the 2014 list.

In 25th place (29th in 2014) was Banco Angolano de Investimento, with US$980 million, in 29th (32nd in 2014)was Banco de Poupança e Crédito with US$880 million, in 34th (42nd in 2014) was Banco de Fomento Angola with US$707 million and in 37th place (41st in 2014) was Banco BIC, with US$686 million.

The first bank from Mozambique to appear on the list – Millennium bim – was in 55th place (57th in 2014), with US$422 million, followed by Banco Privado Atlântico in 57th place (77th in 2014) with US$397 million and Banco Millennium Angola in 67th (74th in 2014) with US$315 million.

Banco de Desenvolvimento de Angola, in 65th place with capital of US$318 million , Angola’s Banco de Negócios Internacional, in 94th place and US$188 million, Standard Bank Mozambique in 95th place and US$188 million and Banco Comercial de Investimentos in 98th place and capital of US$180 million all appeared on this list for the first time.

Apart from the banks that are on the African Business list for the first time this year this year appear, all of the others from Portuguese-speaking countries rose in the table, notably Banco Económico de Angola, which jumped 12 places and Banco Privado Atlântico, which rose 20 places.

Banco Millennium Angola recently merged with Banco Privado Atlântico, so the resulting bank will rise significantly in the 2016 list.

The first five places on this list are taken up by four banks from South Africa – Standard Bank Group with US$12.405 billion, FirstRand with US$4.825 billion (3rd in 2014), Absa Bank with US$4.294 billion (2nd in 2014) and Nedbank Group with US$4.152 billion (4th in 2014).

In the midst of these top five, comes the Attijariwafa Bank of Morocco in third place, with US$4.41 billion, which moved up two positions from its position in the 2014 list. (macauhub/AO/MZ)