According to the ranking, Standard Chartered Group, parent company of Standard Chartered Bank Gambia, is the strongest bank in Africa as it is rated 1 out of the Top 100 Banks in Africa and 106 of the Top 1000 World Banks Ranking.
Ecobank Transitional Inc is rated 11 in Africa and 423 in the world. The other four banks are the parent companies of Zenith Bank (rated 7 in Africa and 287 in the world), followed by Guaranty Trust Bank (ranked 12 in Africa and 429 globally), Access Bank (13 in Africa and 438 in the world), and Skye Bank (21 in Africa and 596 in the world).
The Banker’s Top 1000 World Banks ranking has been setting the industry benchmark since 1970, providing comprehensive intelligence about the health and wealth of the banking sector. The Banker is the key source of data and analysis for the banking industry globally.
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view. This term is used to describe the capital adequacy of a bank, and it also refers to the financial health of a bank. The ranking measures the financial strength of the banks.