10 Nigerian banks make top 1000 world bank ranking
Ten Nigerian banks led by Zenith, First Bank and Guarantee Trust Bank (GTB) have made the 2016 Top 1,000 World Bank ranking by Financial Times.
The prestigious financial magazine published top 1,000 banks for 2015. The survey evaluated over 1250 banks from over 100 countries. Chinese banks continued to improve their position with 3 out of the top 5 banks in the world.
Zenith, which tops the Nigeria bank list with $2.837 billion shareholders fund was ranked the seventh top bank in Africa and 325th globally.
First Bank ranked the second top bank in Nigeria with a shareholders fund of $2.036 billion, 11th top bank in Africa and occupied the 417th position in the global ranking.
GTB followed as the third top bank in Nigeria with shareholders fund of $1.673 billion and ranked 13th top bank in Africa and 490th in the world.
Next is Access Bank, which ranked 4th in Nigeria with a shareholders fund of $1.536 billion, ranked 14th in Africa and was positioned as the 522nd bank among the top 1,000 banks in the world.
United Bank of Africa is positioned as the 5th largest bank in Nigeria with shareholders fund of $1.004 billion, ranked 18th in Africa and 670 in the global 1,000 top banks.
The other Nigerian banks that made the list were Diamond Bank, Fidelity and Ekobank Transnational.