10 Nige­rian banks make top 1000 world bank ranking

Daily Trust - - BUSINESS - From Sun­day Michael Ogwu, Lagos

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.

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