Top 10 Best Banks in Nigeria

Indicators of the strength of a bank are its international reckoning, profitability, shareholders funds, total assets, earnings and customer deposits.  Going by these parameters, the following are the top ten, out of the 24 banks in Nigeria.   Below the name of each bank are the indices that show its strength.

Figures are from the latest published accounts (as at year end 2013) of the banks and the 2014 ranking of banks in the world published by The Banker Magazine of the Financial Times Group London.

1. Zenith Bank

  • World Ranking: 293rd out of world’s first 1000 banks
  • Profit Before Tax PBT): 59 billion
  • Shareholders Funds: 3 billion
  • Total Assets: 14 trillion
  • Gross Earnings:4 billion
  • Customer Deposits:27 trillion

2. Guaranty Trust Bank

  • World Ranking: 415th out of world’s first 1000 banks
  • Profit Before Tax (PBT): 09 billion;
  • Shareholders Funds: 35 billion shareholders
  • Total Assets: 1 trillion
  • Gross Earnings: N242 billion
  • Customer Deposits: 44 trillion
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3. First Bank

  • Customer Deposits; N2.57 trillion
  • Gross Earnings: 44 billion
  • Total Assets:25 trillion
  • Shareholders Funds: 71 billion
  • Profit Before Tax (PBT): 85 billion
  • World Ranking:  424th biggest bank in the world

4. Access Bank

  • Customer Deposits: 33 trillion
  • Gross Earnings: N207 billion
  • Total Assets: 8 trillion in total assets
  • Shareholders Funds: 5 billion
  • Profit Before Tax (PBT): 9 billion
  • World Ranking: 532nd out of the first 1000 banks in the world

5. United Bank for Africa

  • Customer Deposits: 8 trillion
  • Gross Earnings: N264 billion
  • Total Assets: 22 trillion
  • Shareholders Funds: 54 billion
  • Profit Before Tax (PBT):  84 billion
  • World Ranking: 539th position in the world

6. Fidelity bank

  • Customer Deposits: N806 billion
  • Gross Earnings: N127 billion
  • Total Assets: 08 trillion
  • Shareholders Funds: N167 billion
  • Profit Before Tax (PBT):  08 billion
  • World Ranking: 622 of the world’s first 1000 banks
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7. Ecobank Nigeria

  • Customer Deposits: 118 trillion
  • Gross Earnings: N177 billion
  • Total asets: N1.146 trillion
  • Shareholders Funds:  N41 billion
  • Profit Before Tax (PBT): 53 billion

8. Skye Bank

  • Customer Deposits: N996 billion
  • Gross Earnings: N127 billion
  • Total Assets: 11 trillion
  • Shareholders Funds: N94 billion
  • Profit Before Tax (PBT): 13 billion

9. First City Monument Bank

  • Customer Deposits:  N715 billion
  • Gross Earnings; N131 billion
  • Total Assets: 008 trillion
  • Shareholders Funds: N144 billion
  • Profit Before Tax (PBT):  2 billion

10. Diamond Bank

  • Profit Before Tax (PBT): 1 billion
  • Shareholders Funds: 85 billion
  • Total Assets: 5 trillion
  • Gross Earnings: N181 billion gross earnings
  • Customer Deposits:  206 billion

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4 Comments

Add a Comment
  1. KAKA

    I value the post.

  2. david iwok

    nigeria farmer need loan from bank with low collateral

  3. Felix Oranekwu

    Please I would want to know the rating of Union Bank of Nigera Plc.

  4. Francis Obisesan

    Very educative information

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