The Beninese banking market is driven by 15 players whose cumulative total balance sheet stood at 3,795 billion FCFA as of December 31, 2019, according to the Central Bank of West African States (BCEAO).

With a total balance sheet of 920.8 billion FCFA (nearly a quarter of the market), Bank Of Africa (BOA) Benin remains the undisputed leader. The leading employer in the sector (646 employees) manages, at the end of December 2019, more than 590,000 accounts which represent 30% of the market, making it also the leader in this aggregate.

The subsidiary of the Bank Of Africa group is followed in the classification of assets by Ecobank Benin (577 billion FCFA). NSIA Banque completes the top three with 362.9 billion FCFA in assets. Then come Société Générale (301.9 billion) and Orabank (293.35 billion).

At the bottom of the ranking, the local branch of the Nigerian Sonibank is penultimate with 17 billion FCFA in assets, followed by CBAO, the branch of the Attijariwafa bank group, last with assets valued at 13.8 billion FCFA on 31 December 2019.