* indicates monthly or quarterly data series

Banking system z-scores, 2021:

The average for 2021 based on 24 countries was 17.81 index points. The highest value was in Morocco: 42.4 index points and the lowest value was in Mozambique: 7.06 index points. The indicator is available from 2000 to 2021. Below is a chart for all countries where data are available.

Measure: index points; Source: Bankscope
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* indicates monthly or quarterly data series


Countries Banking system z-scores, 2021 Global rank Available data
Morocco 42.4 1 2000 - 2021
Tunisia 38.68 2 2000 - 2021
Cape Verde 27.09 3 2008 - 2021
Namibia 23.72 4 2005 - 2021
Kenya 23.23 5 2000 - 2021
Tanzania 22.18 6 2004 - 2021
Rwanda 21.42 7 2001 - 2021
Egypt 20.6 8 2000 - 2021
Ivory Coast 19.02 9 2000 - 2021
Burundi 18.7 10 2000 - 2021
Lesotho 16.92 11 2000 - 2021
Uganda 16.68 12 2000 - 2021
Angola 15.55 13 2001 - 2021
South Africa 15.46 14 2000 - 2021
Malawi 14.51 15 2000 - 2021
Ghana 13.92 16 2005 - 2021
Nigeria 12.19 17 2000 - 2021
Ethiopia 11.56 18 2000 - 2021
Mauritius 10.95 19 2000 - 2021
Liberia 9.72 20 2015 - 2021
Botswana 9 21 2000 - 2021
Zambia 8.86 22 2000 - 2021
Zimbabwe 8.08 23 2000 - 2021
Mozambique 7.06 24 2001 - 2021



Definition: The index captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
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