Top 10 Richest Banks In Nigeria in 2020.
Posted 4 years ago
by Admin
Sponsored/Daily TaskNigeria has over 20 licensed banks that operates within her shoaws this posts you'll find the Compiled list of the Top 10 Financial Institutions(Banks) in this year- Rankings
1. EcoBank:
EcoBank is currently the most wealthiest bank in Nigeria, this is due to the Bank's net assets.
As of last year EcoBank had a combined asset of N 7.84 Trillion Naira. But This year the Bank assets has risen by 4% to N 8.97 Trillion Naira in March 2020
Eco Bank Has A Total Assets Of N8.97 Trillion Naira.
2. Access Bank.
Second on the list is Access Bank(formerly known as intercontinental Institution). Just after Access Bank merged with Diamond Bank plc, the Bank became the largest provider of financial services in the country.
Currently, the bank has hired over 9000 employee through it's branch offices Nation wide.
Access Bank Has a Total Asset Of N7.28 Trillion Naria
3. First Bank:
Despite the fact, that First Bank of Nigeria is the Country's Oldest Bank (established in 1894), however the bank is Still very much recognized in providing quality and excellent financial services to the Nation.
First Bank is indeed one of the Biggest banks, with over 700 branches and 10 million client. First Bank also has Branches operating in the UK, South Africa ,China, Arab Emirates and many part of the world
First Bank Has A Total Asset Of N7.02 Trillion Naira.
4. United Bank for Africa (UBA):
UBA is one the most successful Banks in Nigeria, as it has external branches that operates in Paris, London, New York and more than 20 African countries.
The bank has indeed retained its reputation for excellence, as it now has over 15 million clients and more than 1000 branches across Africa.
UBA Has A Total Asset Of N6.4 Trillion Naira.
5. Zenith Bank Plc
This is one of the well known commercial banks in Nigeria for providing premium and excellent services to Customers.
It was created in May 1990 by Jim Ovia. Currently due to the fact that the bank endeavors to make utmost use of the strength of the internet to facilitate banking services to it's customers, this has led to high performance as well as expansion of the base of it's customers.
Zenith Bank Has a Total Asset Of N4.46 Trillion Naira.
6. Guaranty Trust Bank Plc
GTBank was founded in 1988 by Tayo Aderinokun, it was officially approved by the CBN in 1990 and it commenced full banking and commercial services in February 1991.
GTBank as a customer-oriented, creative and dependable Financial Institution has gotten dozens of awards from various organizations, including the “Best bank in Africa award ” that was accorded to GTbank in London during the 2019 Euromoney awards for Excellence.
GTB Has a Total Asset Of N4.06 Trillion Naira.
7. Stanbic Bank.
Stanbic bank also referred to as “billionaires bank” by many Nigerians , because the bank doesn't make a noise, like some others do, but their acts speak for them!
Since 1989, the bank has commenced full operations, and since then it had continued to rank among Nigeria's top banks.
Stanbic Bank Has a Total Asset of N2.43 Trillion Naira
8. Fidelity Bank
Fidelity Bank has been established since 1988, and currently is among one of the Nigeria's Best banks with a Total Asset of N2.114 Trillion Naira.
Fidelity Bank serves more than 4 million customers worldwide, with 775 ATMS, over 240 business lines and over 4346 POS. It's currently the 25th most Capitalized bank in Africa.
9. Union Bank Of Nigeria
Union Bank of Nigeria is one of the oldest financial institutions in the country. It have been established since the year 1917.
Union Bank Total Assets
1.98 Trillion Naira.
The bank has many branches, including outside the country in London, UK. With its headquarter in Lagos.
10. First City Monument Bank.
FCMB began Operation in Nigeria in the year 1982 and since then has retained reputation or outstanding excellence in terms of Provision of quality and premium services to it's customers.
FCMB is one the most wealthiest and famous banks that is headquartered in Lagos and has corporate branches worldwide.
FCMB Has A Total Asset Of N1.89 Trillion Naira.
So which number does your bank fall