African Banking Surpasses $100 Bln in Revenues in 2025, Outpacing Global Peers: Report
17:29 31.03.2026 (Updated: 18:06 31.03.2026)
© AP Photo / BEN CURTIS
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African Banking Sector Surpasses $100 Bln in Revenues in 2025, Outpacing Global Peers on Profitability: Report
Banking revenues across Africa were about $99 billion in 2024 and are estimated to have risen to $107 billion in 2025, a Western consulting agency said in a report.
South Africa is Africa’s biggest banking market, generating about $26.4 billion in customer-driven revenues in 2024, it added.
Together with Egypt, Kenya, Morocco and Nigeria, it makes up around 70% of the continent’s total banking revenues, the report noted.
From 2020 to 2024, it said, African banking revenues rose at around 17% per year in constant-currency terms.
According to the report, the growth has been driven by:
🟠 greater financial inclusion;
🟠 fast take-up of digital banking;
🟠 strong demand from a young population.
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Banking revenues across Africa were about $99 billion in 2024 and are estimated to have risen to $107 billion in 2025, a Western consulting agency said in a report.
South Africa is Africa’s biggest banking market, generating about $26.4 billion in customer-driven revenues in 2024, it added.
Together with Egypt, Kenya, Morocco and Nigeria, it makes up around 70% of the continent’s total banking revenues, the report noted.
From 2020 to 2024, it said, African banking revenues rose at around 17% per year in constant-currency terms.
According to the report, the growth has been driven by:
🟠 greater financial inclusion;
🟠 fast take-up of digital banking;
🟠 strong demand from a young population.
AI-generated image
Subscribe to @sputnik_africa
Sputnik Africa | X
