Here are the Top 5 Richest Banks in Nigeria you must Know

Mitrobe Network

With over 20 commercial banks, the Nigerian banking industry has maintained its footing as one of the contributive sectors to Nigeria’s economy. Through constant delivery of banking services and the adoption of premium banking facilities, several Nigerian banks have captured the fancies of numerous customers and garnered huge assets.
This post clearly discusses Nigeria’s 5 richest banks with current total assets as the basis for selecting the country’s richest banks.

Access Bank

Access Bank to Open 10 'CLOSA' Branches. - TECHCRUDE.COM
IMAGE CREDIT: Access bank

Established in 1989, Access Bank presently holds massive assets worth #6.4 trillion, giving it a strong footing as Nigeria’s richest bank. Since its establishment and its attainment of operational license from the Central Bank of Nigeria (CBN) in 1998, Access Bank has continually amassed a large amount of customers.
At the moment, the bank operates broadly across Nigeria through its 400+ branches and 2000+ ATM stands. Over its years of operative banking, Access Bank is known to have successfully merged with various other Nigerian commercial banks including Intercontinental Bank, Diamond Bank (which it merged with in 2019), Marina Bank and Capital Bank.

Zenith Bank

Zenith Bank Re-Affirms Commitment To Sports – Independent ...
Zenith Bank is a remarkable Nigerian bank to reckon with owing to its excellent use of the Internet in the delivery of services to customers. Established in1990, Zenith Bank presently boasts over 500 branches across Nigeria with a considerable number of ATM stands serving its huge customer base.
The bank claims the second spot among Nigeria’s richest banks owing to its total assets worth #5.9 trillion. Interestingly, Zenith Bank has taken its tentacles of operation beyond Nigeria with operative subsidiaries in several countries including UAE, Ghana, South Africa, Sierra Leone, United Kingdom and China.

First Bank of Nigeria

FirstBank (@FBN_help) | Twitter
Initiated in 1894 as Nigeria’s first bank under the brand name Bank of British West Africa, First Bank is unarguably Nigeria’s oldest bank. Over years of operative banking, First Bank of Nigeria has remained among Nigeria’s leading banks in terms of customer base, banking services, revenue and staff base.
As it stands, the bank boasts no less than 10 million customers with whopping assets worth #5.5 trillion. Over and above that, it is interesting that the bank has bagged the prestigious award “The Banker magazine’s Best Bank in Nigeria Award” for a record number of 5 times.

UBA (United Bank for Africa)

About UBA - UBA Group | The Leading Pan African Bank
United Bank for Africa has gained ground as one of the leading banks in Nigeria and largely across the African continent. Established as far back as 1949, UBA is uniquely touted as the first Nigerian bank to start AI-led Virtual Banking Robot and initiate premium banking facilities such as First Visa Dual Currency Debit Card and First Cash Deposit ATMs.
While UBA elegantly boasts over 15 million customers, the bank further maintains offices in America’s New York, Paris (in France) and UK’s popular city of London. At the moment, UBA’s total assets are worth #4.8 trillion. Recently, it was reported that UBA  Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

GTBank (Guaranty Trust Bank)

Guaranty Trust Bank (GTBank) details and all you need to know
GTBank is undoubtedly one of Nigeria’s leading financial institutions with millions of customers. Established in 1988 through the coalition of enterprising individuals including Femi Akingbe, Tayo Aderinokun, Gbolade Osibodu, Femi Pedro and Fola Adeola, GTBank has earned remarkable credit as one of Nigeria’s most trusted and innovative financial institutions.
Confirming its innovative strength, GTBank is named among Nigeria’s trailblazers of online banking, SMS banking, mobile banking and naira-denominated Mastercard.
Notably, GTBank holds an extensive operational boundary spanning across other countries including Kenya, Liberia, the United Kingdom, Rwanda, Sierra Leone, Gambia, Ghana and Cote d’Ivoire. At the moment, GTBank’s total assets are valued at #3.4 trillion, making the financial institution Nigeria’s 5th richest bank.

Also Check  Globus Bank Nigeria - Everything you Need to Know About Globus Bank Nigeria

A Comprehensive List of Banks in Nigeria

Bank NamesContactsWebsite LinksCategories
 
1.First Bank of Nigeria LTD+2347080625000www.firstbanknigeria.comCommercial
2. Titan Trust Bank LimitedCommercial
3. Jaiz Bank PlcNon-Interest
4. Globus Bank LimitedCommercial
5. First City Monument Bank (FCMB)+23412798800www.fcmb.comCommercial
6.TAJBank LimitedNon-Interest
7. Access Bank Plc+23412802500www.accessbankplc.comCommercial
8.FBNQuest Merchant BankMerchant
9.      Heritage Banking Company LTD+23412369000www.hbng.comCommercial
10.  Coronation Merchant BankMerchant
11.  Guaranty Trust Bank Plc+23414480000www.gtbank.comCommercial
12.  FSDH Merchant BankMerchant
13.  Standard Chartered Bank Nigeria Ltd+23427046114www.sc.com/ngCommercial
14.Rand Merchant BankMerchant
15.  Ecobank Nigeria Plc+2347005000000www.ecobank.comCommercial
16.  Providus Bank Limited+23470077684387www.providusbank.comCommercial
17.  Nova Merchant BankMerchant
18.  Fidelity Bank Plc+2349030005252www.fidelitybank.ngCommercial
19.  Zenith Bank Plc+234-1-2787000www.zenithbank.comCommercial
20.  Union Bank of Nigeria Plc+23412716816www.unionbankng.comCommercial
21.  Polaris Bank Limited+2348069880000www.polarisbanklimited.comCommercial
22.  SunTrust Bank Nigeria Limited+2349087331440www.suntrustng.comCommercial
23.  Wema Bank Plc+2348039003700www.wemabank.comCommercial
24.  Unity Bank Plc+2347080666000www.unitybankng.comCommercial
25.  CitiBank Nigeria Limited+23412798400www.citigroup.comCommercial
26.  United Bank for Africa Plc+23412808822www.ubagroup.comCommercial
27.  Sterling Bank Plc+234144844815www.sterlingbankng.comCommercial
28.Stanbic IBTC Bank Ltd+23414222222www.stanbicibtcbank.comCommercial
29.Keystone Bank Limited+23470020003000www.keystonebankngCommercial

 

Conclusion

Up there is the list of Nigeria’s top 5 richest banks with Access Bank taking the lead and GTBank coming last. Some people might be surprised to find GTBank (which was Nigeria’s richest bank a few years back) in the fifth position but the reality is that all the banks on the list continually wax stronger.

About mitrobe

NGSUP is a Digital tech company that amplifies the best innovations out of the internet through its Education, resources, signals, Investment advise, data, News, events and tech focused platforms. NGSUP Network Connects everyone and anything to a system of endless possibilities.

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