Nigerian Banks Emerge in Top 1000 Global Ranking

Thirteen Nigerian banks emerged in this year’s edition of the “Top 1000 World Banks’ Ranking,” by the Bankers magazine, owned by the Financial Times Group, London.

Zenith Bank Plc, First Bank Nigeria and Guaranty Trust Bank Plc (GTB), in that order, were the top three Nigerian banks in the ranking.

Others were Access Bank, United Bank for Africa (UBA), Ecobank Nigeria, Fidelity Bank, First City Monument Bank, Skye Bank, Diamond Bank, Stanbic IBTC, Union Bank and Standard Chartered Bank, in that order.

Kunle Ogedengbe, the magazine’s Country Representative in Nigeria, in a report, explained that Zenith Bank moved 35 places from 322 in the world last year to 287; First Bank moved from 338 to 367; Guaranty Trust Bank moved to 417 from 455; Access Bank moved to 506 from 541; while UBA moved to 553 from 563.