Nine Nigerian banks have been ranked among the 1000 global banks by The Banker magazine in London.
The banks are Zenith Bank Plc, Ecobank Transnational Incorporated, FirstBank, Guaranty Trust Bank Plc (GTBank), Access Bank, Diamond Bank Plc, the United Bank for Africa Plc (UBA), Fidelity Bank Plc and First City Monument Bank. The aforementioned banks were also ranked among the top 25 banks in Africa.
According to a statement from The Banker on Monday, Zenith Bank was ranked number one among Nigeria’s top banks in terms of tier-1 capital, but sixth in Africa with a capital of $3.162 billion.
It was followed by Ecobank Transnational which emerged second in Nigeria and 7th in Africa with a capital base of $3.030 billion. FirstBank was ranked third in Nigeria and 10th in Africa with a capital of $2.327 billion.
Next in the ranking was GTBank which came fourth in Nigeria and 13th in Africa. The Banker report also placed Access Bank on the fifth position in Nigeria but 15th in Africa with a capital base of $1.398 billion.
Others include Diamond Bank which emerged sixth in Nigeria and 17th in Africa, UBA which ranked seventh in Nigeria and 17th in Africa and Fidelity Bank which ranked eighth in Nigeria and 21st in Africa. The organisation also placed FCMB 9th in Nigeria to make the top 25 banks in Africa.
Source: ThisDay Newspaper