INTERNATIONAL BANKS THAT HAVE BRANCHES IN AFRICA
For some years now there has been an increase in competition in the banking sector. This is a result of the less restrictive laws and requirements that encourage more banking institutions to invest in other African countries by opening branches. Here is a compiled list of some international banks that have branches in most African countries.
LIST OF INTERNATIONAL BANKS WITH BRANCHES IN AFRICA
1 . FIRSTLY, STANDARD CHARTERED BANK
Standard Chartered Bank was established in the year 1896. It is among the pioneer banking institutions to have opened a branch in Ghana. Standard Chartered is based in London in the UK. African countries where Standard Chartered has branches include Angola, Ghana, Cameroon, Egypt, South Africa, Nigeria, Tanzania, as well as The Gambia.
2. SECONDLY, STANBIC BANK
Stanbic Bank is a member of the Standard Bank Group. The Bank operates in 20 African countries as well as 12 countries in other parts of the world. Stanbic Bank provides services such as providing financing services to its clients in the cassava industry.
Some of the African countries where Stanbic Bank operates include the following: Malawi, Angola, Nigeria, Namibia, Uganda, Botswana, Ghana, and Kenya.
3. THIRDLY, ZENITH BANK
Zenith Bank PLC is one of the biggest and most profitable banks in Nigeria. The Bank was established in the year 1990. It started to operate in the same year Commercial Bank started to operate.
Its head office is located in Victoria Island, Laos, Nigeria. The Bank has subsidiaries and branches in some African countries. Some of these African countries where Zenith Bank operates are South Africa, Ghana, Gambia, Sierra Leone, United Kingdom.
4. ALSO, UNITED BANK FOR AFRICA (UBA)
UBA is also one of the multifunctional banking institutions with its headquarters in Laos, Nigeria. It was established in the year 1949. UBA is also the leading sub-Saharan African Bank. It has over 700 branches across 20 African countries.
Some of these African countries include Senegal, Sierra Leone, Ghana, Liberia, Kenya, Guinea, Gabon, Cameroon, and European countries like France, and England, as well as North American countries like the USA.
5. FINALLY, ABSA BANK
Absa Bank, which was formerly known as Barclays Bank has several branches across the globe. Among all the African countries where Absa has its branches, South Africa has the largest number of Absa Bank branches. Some of these African countries include the following: South Africa, Kenya, Tanzania, Ghana, Mozambique, Uganda, Zambia, as well as Mauritius. Absa is an acronym for Amalgamated Banks of South Africa.
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