5 Banks maintained their dominance in the banking space in Nigeria by end of quarter 1, 2017 namely Firstbank, Zenith Bank, UBA, GTbank and Access Bank. Here is a comparative view of the banks financials as at end of quarter 1, 2017.
Firstbank now FBN Holdings Limited and UBA formally United Bank for Africa are the 2 old generation banks that are in the top 5 banks in terms of financial performance by end of quarter 1 2017.
FBNHL being the oldest banking institution in Nigeria that have been around for over 120 years. The bank has continued to remain relevance with its pioneering effort in banking innovation and technological dominance in the Nigerian banking space. The bank continues to be maintain its lead in deposit balances.
UBA also a new generation bank but has a new generation identity. The bank has also remained a very relevant force with its net work of branches and sound financials
Zenith Bank, GTbank and Access Bank are the biggest of nigerias new generation banks most of which stated banking operations in early 90s. They remain the toast of young and upwardly mobile Nigerians.
FBNHL retain the highest deposit as at end of quarter 1, 2017 hitching just a little above Zenith bank with GTbank coming a distance third followed by UBA and Access bank.
Zenith bank has the highest loan exposure in the banking industry in Nigeria as at Q1 2017. Closely followed by FBNHL with GTB and Access bank about closing at 1.3 billion and UBA closing at 1.1billion.
Zenith maintained the highest shareholder equity in the industry at 561billion Naira. Followed by FBNHL, GTB, Access bank and UBA respectively.