Saifaddin Galal
Research Expert North Africa
Banking industry in North Africa - statistics & facts
North Africa has a relatively developed banking industry and hosts some of the largest financial markets on the African continent. In 2021, the 10 largest banks in Africa by assets were concentrated in South Africa, Egypt, and Morocco. The National Bank of Egypt and Morocco’s Attijariwafa Bank were the leading institutions in North Africa, with total assets of around 125 billion and 64 billion U.S. dollars, respectively. Having the strongest banking industry in the region, Egypt also recorded the highest bank return on assets (ROA) in North Africa in 2020, while Tunisian and Libyan banks registered the lowest returns.
