The Biggest African Banks

Finance Articles | August 24, 2011

Barclays, Zenith Bank and National Microfinance Bank are among the biggest banks in Afica.

Barclays has had a presence in Kenya since 1925, offering personal and retail banking, and Barclaycard credit card services. Barclays Kenya is named the Best Bank in Corporate Banking at the Think Business Banking Awards 2010. It has also been named the Best Bank in Kenya by Global Finance magazine, and it was recognized as East Africa’s most respected financial services company in a 2007 survey by business consultancy PricewaterhouseCoopers.

Zenith Bank Plc is one of the biggest banks in Nigeria, with a shareholder base of about one million, an indication of the strength of the Zenith brand. The bank has received many top awards such as the Best Bank in Export Finance (Vanguard Bankers' Award 2008), Most Corporate Socially Responsible Bank in Africa (African Banker 2007), Most Corporate Socially Responsible Company in Nigeria (This Day Award of Excellence 2007), and so on.

National Microfinance Bank (NMB) is the biggest bank in Tanzania and has the largest network of branches. It offers a wide range of banking products to individuals all over Tanzania. It also serves the financial needs of all types of business customers. NMB has numerous branches throughout the country which reach far into the districts and rural areas. In addition, the bank provides financial services to the government, its employees and pensioners. NMB became listed on the Dar es Salaam Stock Exchange on 6 November 2008.

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ABOUT THE AUTHOR

For more information on financial investment and banking, please visit the site: Finance Learners.

The author, Loke Yuen Wong, holds an MBA from Heriot-Watt University (UK) and a BCom degree from The University of Adelaide (Australia). Other qualifications include the Postgraduate Diploma in Bus. Administration, Diploma in Instructor Skills, Diploma in Inferential Statistics, Group Diploma in Accounting, Group Diploma in Management Accounting, Diploma in TEFL, ACCA CertIFR, Pre-Cert (ES) TESOL, Certificate in TEYL, Certificate in Managing Performance, Certificate in Book-keeping & Accounts and English for Commerce.