Font size:
Print
CEO Nigeria Magazine and Online platform recent rating of Nigerian Banks 2020 Performances has rated Zenith Bank, UBA and Access Bank leaders in profit, deposit from customers and total assets in that order.
According to Mr. Daniel Ailemen Executive Editor CEO Nigeria Magazine and Online platform this feat were achieved by this banks despite the covid 19 pandemic which saw lockdown of the economy.
Ailemen said the each of banks recorded the best results as the lockdown favoured the economy of banking, agriculture and telecommunication sectors.
He said that during the financial year under review on profit before tax (PBT), Zenith Bank recorded N225.87 billion in 2020 when compared to N243.29 billion in 2019 representing a five percent increase.
Zenith Bank is followed by GTBank with N238.10 billion in 2020 while in the third position of leading banks in PBT is UBA with N131.86 billion, fouth position is Access Bank with N125.92 billion PBT and on fifth position is Stanbic IBTC with N94.72 billion.
Others include on six position is FBN Holdings with N83.70 billion , Fidelity Bank on number seventh position with N26.6 billion, eight position is Union Bank with N25.97 billion, ninth position is FCMB with N21.91 billion, Sterling Bank on tenth position with N12.4 billion and Wema Bank had N1.69 billion.
On the customers deposit, despite the lockdown, UBA topped the banks with N5,676.01 billion deposit from customers, follow by Access Bank with N5,587.42 billion and zenith Bank came third with N5, 339.91 billion. FBN Holdings N4,894.72 billion , Union Bank N4,018 billion while on the sixth position is GTBank with N3,509.32 billion.
Others are Fidelity Bank with N1,699.03 billion on seventh spot, FCMB with N1,257.13 billion, Sterling Bank on eight position.
Going through the 2020 reports cards of major banks in Nigeria with the largest total assets goes to Access Bank came first with N8,679.75 trillion followed by zenith Bank with N8,481.27 trillion. On the third position is UBA with N7,697.98 trillion, FBN Holdings with N7,689.03 trillion fourth position and GTB on the fifth position with N4,944.63 trillion.
Others include, Fidelity Bank in the sixth spot with N2,758.15 trillion, stanbic IBTC N2,486.31 trillion on number seven, Union Bank on number eight position with N2,191.03 trillion, FCMB with N2,205.40 trillion on number ninth position and Sterling Bank coming tenth with N1,299.08 trillion
