While Moroccan and French banking groups lost ground in 2020, major banking brands based in the West African Economic and Monetary Union (UEMOA) are making the effort to prevail despite the health crisis. BCEAO data indicates that in 2020, Ecobank maintained its position as the leading banking group in terms of market shares in

In 2020, the Ecobank Group continues to dominate the top of the most active banking groups. However, it had to give up part of its market share over the period going from 12.1% at the end of 2019 to 10.7% at the end of 2020. The main banking group, whose parent company is located in Togo, concentrated 13.5% of the sector's overall net income. In second position, we find Société Générale with an estimated market share of 9.3% in 2020 compared to 10.1% in 2019. Thanks to the dynamism of its 5 subsidiaries, the French giant achieved 14.4% of the overall net result, i.e. the largest share. This was followed by Bank of Africa (BOA), Atlantic Business International (ABI), the Abidjan holding of the Moroccan Banque Centrale Populaire (BCP), the parent company of Banque Atlantique, 9 subsidiaries. All these brands gave up market shares during a year 2020, punctuated by Covid-19. At 5th and 6th place, Coris Bank International (CBI) and Attijariwafa bank (AWB) held 7.6% and 6.8% of market shares in 2020. NSIA Bank stagnated in 7th place with a 3.5% share of the overall net income achieved by the banking sector over the period. The Nigerian UBA of businessman Tony Elumelu, thanks to its expansion strategy based on electronic solutions, and the Malian BDM are the two banking entities that have benefited from the downgrade of the Parisian juggernaut BNP Paribas