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<\/a><\/p>\nIn addition to the World\u2019s 50 Safest Commercial Banks, the full report, which is due out in November, also includes the Safest Banks In Africa 2017 where South African banks dominate the list, taking the top six positions, led by Standard Bank, Africa’s largest bank by assets.<\/p>\n
Last week<\/a> ratings agency Moody\u2019s maintained its negative outlook on South Africa\u2019s banking system, stating that the lenders are likely to face more pressure over the next 12 to 18 months.<\/p>\n \u201cOur negative outlook for South Africa\u2019s banking system is mainly due to the weak operating conditions, which will challenge banks\u2019 loan quality and profitability,\u201d said Nondas Nicolaides, Moody\u2019s vice president.<\/p>\n \u201cLow economic growth will weaken banks\u2019 loan quality and profitability.\u201d<\/p>\n \u201cCountries around the world, for the past several years, have been tightening regulation in an attempt to forestall another financial crisis,” said Joseph Giarraputo, publisher and editorial director of Global Finance.<\/p>\n “Both government-backed banks, dominant in many parts of the world, and private commercial banks are attempting to respond to the demand of corporate treasurers and other international\u00a0 clients, to provide those clients with financial services they can trust.”<\/p>\n He said that Africa can be a difficult place to do business, “so corporates need solid support from reliable financial partners. Our ratings provide valuable insight for global companies seeking to gain a toehold, or to build their strengths, in this region”.<\/p>\n Safest Banks in Africa 2017<\/strong><\/p>\n