Credit analysis on the African banks the agencies don't rate.
Only around one in ten African banks carries a credit rating. The Africa Analyst is an independent credit boutique giving credit teams standardised financials, scoring and analysis on 398 banks across 39 countries.
- Banks in the database
- 398
- Countries covered
- 39
- African banks with a rating
- ~10%
- Years of financials per bank
- Up to 7
Most of your African bank exposures have no rating behind them.
Ratings are compulsory for banks in only a few markets, such as Nigeria and Zimbabwe. Elsewhere the agencies cover the largest banks and leave the rest. In many countries no bank is rated at all, and current, comparable financial data is hard to find.
That leaves correspondent banks, trade financiers, DFIs and investors doing the groundwork themselves: chasing annual reports, re-keying statements, and building comparisons from scratch. We do that work once, to a consistent standard, so your analysts can start from the analysis.
Built for the people who sign off on African credit risk.
Heads of credit and CROs
An independent second opinion on unrated counterparties, with a scored view and written rationale you can take to committee.
Credit risk analysts
Standardised statements, ratios and peer tables in local currency and USD, ready to drop into your own models.
FI coverage and correspondent banking
Fast, comparable reads on African respondent banks for limit setting, KYC refreshes and annual reviews.
DFIs and trade finance
Country sector reports and bank-level analysis to size exposure across whole banking systems, not just the rated few.
Fixed income and funds
Fundamental credit work on issuers and sectors where rating coverage is thin or out of date.
Regulators and researchers
A consistent, multi-year dataset across Africa's banking sectors for policy and academic work.
From the raw numbers to a full credit view.
Entity reports are tiered so you only pay for the depth you need. Sector reports cover a whole country's banking system.
Statistical Report
The numbers, cleanly presented. Business profile, capital adequacy, asset quality, earnings and liquidity, with financial statements in local currency and USD and a full ratio page.
What's inside →Standard Report
Everything in the Statistical Report plus detailed peer analysis, ownership, and market share by total assets, net loans and customer deposits.
What's inside →
Comprehensive Report
Our full credit view. Adds industry overview, credit ratings, corporate governance and management, with key protection factors scored into an overall score and a written rationale.
What's inside →
Sector Report
A country banking sector on a page at a time: sector averages and bank-by-bank tables for capital, asset quality, earnings and liquidity, plus ratings, market shares and consolidated financials.
What's inside →398 banks. 39 countries. Every region.
Our database already holds multi-year financials for licensed banks across North, West, Central, East and Southern Africa, and we add countries and update banks as audited results are published.
- North5 countries · 55 banks
- West13 countries · 83 banks
- Central2 countries · 4 banks
- East7 countries · 126 banks
- Southern12 countries · 130 banks
Rating-agency rigour, without the rating-agency model.
The Africa Analyst was founded by Paul Greeff, formerly a bank analyst and business development director at GCR Ratings, the leading African rating agency. At GCR he started and ran GCR Analytics, which built a database of more than 400 African banks and produced credit reports for Afreximbank.
Our analytics team is led by Jennifer Mwerenga, a former senior analyst at GCR Ratings with more than 15 years in African financial institutions credit, who began her career in bank supervision at the Reserve Bank of Zimbabwe.
About the teamIndependent
We are not paid by the banks we analyse. Our view answers to the reader, not the issuer.
Consistent
Every bank is captured to one template from audited statements, so ratios compare across borders and years.
Scored
Key credit protection factors are scored into an overall assessment, with a written rationale behind it.
Affordable
Technology-led capture and a remote analyst team keep our pricing well below agency research.
See the work before you subscribe.
Get our full sample Statistical, Comprehensive and Sector reports from our Kenya coverage. Or register on the platform for free, limited access to the database.
