Best bank:
Citibank
Honourable mention:
HSBC
Africa remains the most difficult and least transparent regional market covered by Euromoney. Although banking operations in the region can be extremely profitable in terms of margin, in absolute terms these profits are tiny in comparison with those made elsewhere. In 2000 for example Standard Chartered made £70 million in Africa – compared with £50 million in the UAE alone. The risks remain high. Few countries have functioning debt and equity markets, and most business is either with governments or the agencies helping them.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
