REVEALED! These Are The Top 10 Best Banks In Nigeria For 2019; Your Money Is The Safest With Number 1 (Photos)

There are presently several banks in Nigeria today that are progressing greatly and have been managing well through the influence of the Central Bank of Nigeria. It is the activity of Central Bank of Nigeria CBN to persistently figure out financial approaches and policies to help out the commercial banks from banking challenges, for example, indebtedness. At the point when any Nigerian bank faces a monetary issue, it is the activity of CBN to concede credits to such banks so as to settle the bank’s tasks and keep it from liquidation.

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In fact, the motivation behind banks isn’t just to keep cash and resources yet it is additionally an establishment on which a usable monetary framework can be assembled. For the economy of some random nation to be steady, the banks in that given nation must be outfitted with enormous assets from which individuals may obtain so as to settle money-related issues. When we talk about the best banks in Nigeria, we will be looking at the bank’s investors reserves, total income, gross income a client deposits. Here is a list of the top 10 banks in Nigeria 2019.

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10. Diamond Bank

Diamond Bank started its operations as a private limited liability company in 1991. A decade later, in 2001, the bank received its universal banking license. It offers banking and other financial services to individual and corporate customers, including loans and advances, money market, and corporate finance activities. The company employs about 4,400 staff and manages over 270 branches and 1,059 ATMs across Nigeria.

Investors Funds: 85 billion

Total Assets: 5 trillion

Gross Earnings: #181 billion gross profit

Client Deposits: 206 billion

Diamond Bank

9. First City Monument Bank (FCMB)

FCMB Group Plc is one of the leading financial services institutions in Nigeria, with subsidiaries that are market leaders in their respective segments. FCMB Group Plc’s subsidiaries are FCMB Microfinance Bank Ltd; Legacy Pension Managers Ltd; FCMB Capital Markets Limited; SL Trustees Ltd; CSL Stockbrokers Limited (including its subsidiary First City Asset Management Ltd and FCMB Limited (the bank) and its subsidiaries – Credit Direct Limited and FCMB (UK) Limited.

Investors Funds: #144 billion

Total Assets: 8 trillion

Gross Earnings; #131 billion

Client Deposits: #715 billion

8. Skye Bank Now Polaris Bank

Polaris Bank Ltd. is one of Nigeria’s top financial institutions with over 373 branches and cash centres across Nigeria offering premium financial services. It operates as a group that provides facets of financial products and services powered by a purpose built technological framework that supports the service delivery process to customers.

Investors Funds: #94 billion

Total Assets: 11 trillion

Net Earnings: #127 billion

Client Deposits: #996 billion

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7. Ecobank Nigeria

Founded in 1986, Ecobank Nigeria is a subsidiary of pan-African banking group, Ecobank Transnational Inc. The universal bank offers retail, corporate, wholesale and transaction banking services, as well as capital markets and investment banking services. It operates through three major units: Retail Banking, Wholesale Banking, and Treasury and Financial Institutions. Ecobank currently oversees more than 600 branches across Nigeria.

Investors Funds: #41 billion

Total assets: #1.146 trillion

Gross Earnings: #177 billion

Client Deposits: 118 trillion


6. Fidelity Bank

Incorporated in 1987, Fidelity Bank started its banking operations in 1988 as a merchant bank. It became a commercial bank in 1999 and obtained its universal banking license two years later. The bank offers a wide range of financial products and services to individual and corporate customers, with a strategic focus on retail and electronic banking, SMEs, and niche corporate banking. It currently oversees 240 business offices, 774 ATMs, and 4,046 POS terminals.

Investors Funds: #167 billion

Total Assets: 8 trillion

Gross Earnings: #127 billion

Client Deposits: #806 billion

Fidelity Bank

5. United Bank for Africa

Founded in 1949 as the British and French Bank Limited (BFB), United Bank for Africa is one of the oldest banks in Nigeria. In 1970, it held an IPO, becoming the first Nigerian bank to list its shares on the Nigerian Stock Exchange. The company caters to retail, commercial, and corporate customers, providing a wide range of financial products and services. United Bank employs about 12,500 staff and serves more than 14 million customers around the world. It operates a network of over 1,000 branches and touch points, 13,500 POS terminals and 1,740 ATMs in Africa.

Investors Funds: 54 billion

Total Assets: 22 trillion

Gross Earnings: #264 billion

Client Deposits: 8 trillion

4. Access Bank Plc

The Central Bank of Nigeria granted Access Bank a commercial banking license in 1988. In 1989, it became a privately owned commercial bank. The bank operates through four major segments: Personal Banking, Business Banking, Commercial Banking, and Corporate and Investment Banking. Access Bank currently employs 2,965 individuals and operates 317 branches in Nigeria, as well as two branches in the UK and a representative office in the Republic of China, UAE, India (Mumbai), and Lebanon (Beirut).

Investors Funds: 5 billion

Total Assets: 8 trillion

Gross Earnings: #207 billion

Client Deposits: 33 trillion

Access Bank Plc

3. First Bank Plc [FBN]

Headquartered in Lagos, First Bank of Nigeria operates through four major Strategic Business Units (SBUs): Retail Banking, Commercial Banking, Corporate Banking, and Public Sector Banking. Established in 1894, FirstBank became a public company in 1970 and joined the Nigerian Stock Exchange in 1971. The bank oversees subsidiaries in West African countries and the UK, as well as representative offices in Abu Dhabi, Beijing, and Johannesburg. It employs more than 7,000 staff and oversees a network of around 760 branches and over 2,600 ATMs.

Investors Funds: 71 billion

Total Assets: 25 trillion

Gross Earnings: 44 billion

Client Deposits: 2.57 trillion

First Bank Plc

2. Zenith Bank of Nigeria Plc

Incorporated in 1990, Zenith Bank offers retail and SME banking, private banking, corporate and investment banking, foreign exchange, treasury, trade services, and other financial services. In 2004, it became a public limited liability company and subsequently listed on the Nigerian Stock Exchange. The bank currently serves more than 1.6 million customers and employs about 7,000 staff. It operates through a network of over 500 branches, as well as subsidiaries and representative offices in Ghana, Gambia, South Africa, Sierra Leone, the United Kingdom, China, and UAE (Dubai).

Investors Funds: 3 billion

Net Earnings: 4 billion

1. Guarantee Trust Bank Plc [GTBank]

Founded in 1990, Guaranty Trust Bank (GTBank) started its banking operations in February 1991. GTBank offers a full range of financial services, including retail, corporate, investment banking, online/internet banking, and asset management. In 2007, it held its IPO on the London Stock Exchange, becoming the first African bank to list on the LSE. Headquartered in Lagos, GTBank employs 6,459 individuals and serves over eight million customers. It operates a network of 220 domestic branches, 1,165 ATMs, and 44 e-branches, as well as several branches in other African countries and in the UK.

Total assets: 3.43 trillion

Investors Funds: 35 billion

Client Deposits: 44 trillion.

Source: Correct Nigeria