Banks from Angola and Mozambique are included in the list of the top 100 banks in Africa, according to the latest issue of African Business magazine.

The list of the largest African banks is led by Stanbank (Standard Bank Group) and First Rand both from South Africa and the list includes eight banks from Angola and three from Mozambique.

With regard to Angola Banco de Poupanças e Crédito is in 25th place, followed by Banco Angolano de Investimentos (27th), Banco de Fomento de Angola-BFA (34th), Banco BIC (39th), Banco Millennium Atlântico (51st), Banco de Desenvolvimento de Angola (62nd), Banco Caixa Geral de Angola SA (69th), and Banco de Negócios Internacional (92nd).

Millennium Bim (Banco Internacional de Moçambique) is in 56th place in the list of 100 largest banks in Africa, Banco Comercial e de Investimentos – BIC in 93rd place and Standard Bank Moçambique in 98th

In the list of top 25 banks in Southern Africa Banco de Poupanças e Crédito de Angola is in 6th place followed by Banco Angolano de Investimentos (7th), Banco de Fomento de Angola (BFA) in 10th place, BIC in 11th and Banco Millennium Atlântico in 12th place.Banco de Desenvolvimento de Angola, Banco Caixa Geral and Banco de Negócios Internacional were in 17th, 18th and 22nd place, respectively.

With regard to Mozambique, Millennium Bim (Banco Internacional de Moçambique) is in 14th position followed by Banco Comercial e de Investimentos (BIC) and Standard Bank Moçambique respectively in 23rd and 24th place.

African Business magazine said that the list of the biggest banks in Africa was based on the capital of banks measured according to the Core T1 Ratio. (macauhub)