Access Bank With an asset base in excess of N2.02 trillion as of February 2012, Access Bank has placed excellent corporate governance at the very core of its operations, and was named “2011 Sustainable Bank of the Year for Africa and Middle East” by Financial Times/IFC. The following year, it completed the recapitalisation of Intercontinental Bank Plc.
Diamond Bank Operating on one of the most advanced banking technology platforms in the market, Diamond Bank is a full-service international commercial bank. Financial results for year-end 2011 were N723 billion in assets and N630 billion in liabilities, of which N544 billion were customer deposits. The bank posted gross earnings of N89.3 billion.
Ecobank When Ecobank Transnational Inc. (ETI) acquired Oceanic Bank last year, it entered the Nigerian top five. Some 5.9 million Nigerians are ETI customers, accounting for more than 70% of the group’s total for all its operations throughout 30 African nations. As of December 2011, the ETI group’s total assets were valued at $17.2 billion.
Fidelity From merchant to commercial to universal bank, Fidelity’s 24 years of history has helped shape it into becoming one of Nigeria’s ten largest banks. In 2011, it was ranked the 25th most capitalised bank in Africa. Fidelity Bank closed last year with N739.5 billion in assets and N603.2 billion in liabilities, and posted a profit of N5.36 billion.
First Bank Nigeria’s oldest bank and largest retail lender, dating back to 1894. Today, the bank enjoys strong ratings and posted total assets of N2.9 trillion as of Q3 2011.
First City Monumental Bank A wholesale banking group with an emerging retail business, and flagship of the First City Group. Having recently acquired 100% shareholding in Finbank, FCMB has enjoyed robust growth in return on equity, deposit growth and return on assets year-on-year 2010-2011.
Guaranty Trust Bank Made an indelible mark upon the financial sector when it became the first Nigerian bank to undertake a $350 million regulation S Eurobond issue and a $750 million Global Depositary Receipts Offer in 2007. Today, Guaranty Trust Bank has an asset base of more than N2 trillion.
Skye Bank The result of a 2006 five-way seamless merger that compiled the individual banks’ strengths into one, solid institution that has made a positive impact on various sectors, including oil & gas, construction, real estate, agriculture, telecoms, retail and manufacturing. Assets and customer deposits for 2011 were valued at N893 billion and N643 billion, respectively.
United Bank for Africa With subsidiaries in 20 sub-Saharan countries, UBA is the product of the merger of Standard Trust Bank Plc and the old UBA, and the subsequent acquisition of Continental Trust Bank Ltd. Total assets for 2011 were up 17.4%, at N1.94 trillion, while total deposits rose 14% to N1.45 trillion.
Zenith Bank Just 22 years old, but a leading institution, having posted N2.2 trillion in assets as of Q3 2011. With more than 350 domestic branches, the bank has explored opportunities abroad and is now present in Ghana, the UK, Sierra Leone, Gambia and South Africa.
0 COMMENTS