Access Bank, Zenith Bank, First Bank, along with seven additional commercial banks, have solidified their positions as Nigeria’s leading financial institutions in terms of assets. During the initial half of 2023, these banks witnessed a remarkable growth in their asset holdings, reaching a total of N90.4 trillion. This figure signifies a substantial 34% surge compared to the N67 trillion reported for the corresponding period in 2022.
Top banks in Nigeria increase assets by N90.4 billion
Access Bank and Zenith Bank lead top banks by asset base in H1 2023
The banks are led by Access Bank, with about N20.8 billion in total assets in the first half of 2023.
Zenith follows with N16 billion, First Bank with N14.1 billion, and UBA with N15.3 billion in the same period.
Others are Guaranty Trust Bank, with N8.5 billion; Fidelity Bank, with N5 billion; Stanbic IBTC, with N4.4 billion; FCMB, with N3.7 billion; and Sterling Bank, with N2.2 billion.