- Guaranty Trust Bank Plc
Guaranty Trust Bank Plc is currently the best bank in Nigeria as of 2021/2022. Interestingly, the GT world app takes the lead on our list of the top 10 best Nigerian banks.
In 1990, the bank was created on the principles of grandeur, verified skill, and best practices.
Since its beginning, the bank has been able to report annual growth in the number of customers and important financial files because of its continual execution of innovative financial arrangements and great client care.
GTBank received a number of national and international awards in 2016 for product and administration development as well as solid corporate governance.
For instance, The African Banker Magazine named it the Most Innovative African Bank, World Finance Magazine named it the Best Banking Group, and Euromoney named it the Best Digital Bank in Africa and Best Bank in Nigeria.
The bank employs over 10,000 people and has a total asset value of 3.287 trillion Naira and shareholder support of 575.6 billion Naira.
- Access Bank
Access Bank, the largest financial institution in the country by customer base and total asset value, with a total asset of N12.08 trillion, experienced a 16.2% year-on-year growth in its account maintenance income in Q1 2022 to stand at N6.04 billion from N5.2 billion.
In a similar vein, the recently restructured bank increased its profit after tax from last year’s amount of N52.55 billion to N57.39 billion, representing a 9.2% year-over-year increase.
- First Bank of Nigeria
First Bank of Nigeria had its account maintenance income improve marginally by 2.2% from N4.05 billion generated in Q1 2021 to N4.14 billion in the same period of 2022. It accounted for 11.5% of the total account maintenance income of the industry.
First Bank’s profit after tax significantly increased from the N15.59 billion reported in Q1 2021 to N32.4 billion in Q1 2022, an increase of 107.7% year over year.
- Zenith Bank Plc
Zenith Bank Plc is the next bank on the list of the top 10 banks in Nigeria.
The bank was founded in 1990 on the tenets of majesty, proven expertise, and best practices.
The bank has been able to claim an annual increase in the number of customers and significant financial files since its formation thanks to its consistent provision of cutting-edge financial arrangements and excellent customer service.
For the growth of its products and administration, as well as for its sound corporate governance, GTBank received numerous national and international awards in 2016.
For instance, The African Banker Magazine named it the Most Innovative African Bank, World Finance Magazine named it the Best Banking Group, and Euromoney named it the Best Bank in Nigeria and Best Digital Bank in Africa.
The bank has a staff of about 10,000 people, 3.287 trillion Naira in total assets, and shareholder support of 575.6 billion Naira.
It is a prominent pan-African financial administration firm whose headquarters is based in Nigeria.
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- United bank for Africa
With operations in 20 African countries and offices in the three global financial centres of London, Paris, and New York, it is one of Africa’s best and most adaptable banking groups.
The bank has kept on increasing yearly and is evident through the data recorded toward the finish of 2019 with Total Assets totalling N5.6 trillion, contrasted with N4.9 trillion, as at 2018FY (15.1% YoY growth).
The bank also received N2.1 trillion in net loans, a stunning 20.2% YoY increase in the advance book.
Client Deposits increased to N3.8 trillion from N3.3 trillion as of the 2018 Financial Year, representing a 14.4% YoY growth, and Shareholders’ Funds were N 597.9 billion, representing a 19% YoY increase compared to the previous financial year.
- Ecobank
This 1986-founded bank has NGN506.17 billion in revenue. This bank was a division of Ecobank Transnational Inc., an all-African financial conglomerate. Retail banking, wholesale banking, and Treasury and Financial Institutions are its three main divisions.
It offers services in corporate banking, capital markets, retail and wholesale banking, and investment banking. This bank has almost 600 locations around the nation.
