Top 5 best Banks in Nigeria

There are over 20 banks in Nigeria being regulated by the Central Bank of Nigeria. Sometimes we wonder which bank is the best Bank in Nigeria and why is it the best Bank in Nigeria.

Here in Nigeria, we can’t really say which bank is best bank to bank with but they are definitely some great banks whose banking services are exceptional. In ranking the best bank in Nigeria, they are some factors that we need to consider of which some of them includes;assets,funds,earnings,customers deposit, international recognition,profitability and shareholders.  

So these are the best banks in Nigeria

1. Zenith Bank

Zenith Bank is the best Bank in Nigeria. With customers deposits of N27 trillion, Zenith Bank is ranked the 391st out of world’s first 1000 banks in the world. Zenith Bank has a total asset of N5.8 trillion, Shareholders funds of N616 million and Profit before tax PBT) of N59 billion

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2. UBA

United Bank for Africa(UBA) is the second best Bank in Nigeria and the 399th best banks in the world. UBA has a Customer deposits of N8 trillion and a total asset of N4.8 trillion

3. First Bank

First Bank of Nigeria is one of the oldest commercial banks in Nigeria. First Bank is ranked 417th out of world’s first 1000 banks in the world and the third best bank in Nigeria. First Bank has a customer deposits of N2.57 trillion, a total assets N4.5 trillion, shareholders funds of 71 billion and Profit before tax PBT) of N10 trillion

 

4. Guaranty Trust Bank (GTB)

Guaranty Trust Bank (GTB) Is ranked 474th out of world’s first 1000 banks in the world. With customer deposits of 44 trillion Guaranty Trust Bank has a total asset of N3.16 trillion, Shareholders funds of N35 billion and Profit before tax PBT) of N278.5 billion.

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5. Acess Bank:

Access Bank is no doubt one of the best Bank in Nigeria. Access Bank is ranked 532nd out of world’s first 1000 banks in the world and the 5th best bank in Nigeria. Access Bank has a customer deposits N33 trillion and a total asset of N4.552 trillion. Shareholders funds of N367.8 billion and Profit before tax (PBT) of N612 billion

 

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