Uncovering Value: Ranking of 19 Select Visible Banks in Africa for 2015...

Dear Africa Interested Individuals:
                                                        This is based on the performance of the nineteen (19) banks reviewed as at June 30th, 2015.  Standard Bank and ETI were excluded due to a particular line item not being disclosed.  Half-year basic earnings per share was annualized for all banks.  Prices used were today.  Figures used were as published by the bank whether audited or unaudited.  All banks have a December fiscal year-end.  This value-discovery approach is self-created.  I will give you a straight ranking and then provide my best picks in each country.    

Best Value

1. Ghana Commercial Bank

2. CAL Bank Ghana

3. Credit Agricole Egypt

4.  Ecobank Ghana

5. Access Bank Nigeria

6. UBA Nigeria

7. GT Bank Nigeria

8. Barclays Kenya

9. Zenith Bank Nigeria

10. First Bank Nigeria


11. KCB Group Kenya

12. CBZ Holdings Zimbabwe

13.   Equity Group Kenya

14. SCB Ghana

15. Comm. Int. Bank Egypt

16. SCB Kenya

17. SBM Holdings Mauritius

18. Barclays Africa (South Africa)

19. Nedbank

My standout value bank in countries with multiple banks reviewed are:
1. South Africa:  None

2.  Nigeria: UBA

3. Kenya: Barclays

4. Egypt: Credit Agricole

5. Ghana: Ghana Commercial Bank

After running the numbers, I ranked the banks on two final figures and added up the ranks.  The lower the sum score, the better.  Where there was a tie, I utilized my deeper knowledge of the banks to rank them.  The first ten banks do offer forward value in my opinion; the last nine do not.  The serious banks for purchase purposes based on this system are the four standout banks mentioned.    
        Tell others to tell others about this Africa Research Blog; the financial truth is here. 

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