Do you want to know the richest bank in Nigeria? Well, In this article, you will learn about the top 5 richest banks in Nigeria with their net worth.
Therefore, through this write-up you will be able to know how strong your bank is, and not every bank you see that launched newly should be rushed. We got to be very careful and let what happened to Savannah Bank be a great lesson.
Here we present to you the richest bank in Nigeria.
List Of Top 5 Richest Banks In Nigeria And Their Net Worth
1. Guaranty Trust Bank
GTB which is also known as GT Bank is the richest bank in Nigeria. Guaranty Trust Bank is a Multinational Financial institution which offers Internet/Online Bank, Corporate Banking, Commercial Banking, Retail Banking With Asset Management Services.
Guaranty Trust Bank also has subsidiaries in the following countries:
Ghana, Kenya, Gambia, Rwanda, Uganda, Côte d’ Ivoire, Liberia, UK, Tanzania, Sierra Leone.
Guaranty Trust Bank PLC was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public. GT Bank Was founded on 17th January, 1990 and they commenced operations in February 1991.
In September 1996, Guaranty Trust Bank PLC became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the Central Bank of Nigeria (CBN) in 2003.
Guaranty Trust Bank Head Office: GTB head office is located in Victoria Island, Lagos.
Guaranty Trust Bank is the richest bank in Nigeria with an estimated net worth of ₦5 Trillion.
2. First Bank Of Nigeria
FBN commonly known as First Bank is a multinational bank and a financial institution which renders financial services.
First Bank is the second richest bank in Nigeria and also the biggest bank in Nigeria. First Bank Of Nigeria has many good attributes. First Bank is also a bank with the highest branch in Nigeria.
First Bank Of Nigeria received an award in 2015 from The Asian Banker as the Best Retail Bank in Nigeria for the fifth consecutive year (2011-2015).
FBN has subsidiaries in the following countries:
Democratic Republic Of The Congo(DRC), Ghana, Guinea, China, South Africa, UK, Senegal, Sierra Leone, Paris And United Arab Emirates.
First Bank Was founded in 1894 as Bank Of The British West Africa And was renamed First Bank Of Nigeria in 1979. FBN net worth should be ₦4.5 Trillion.
3. Zenith Bank
Zenith Bank is a multinational bank in Nigeria which renders financial services and makes banking very easier. Central Bank Of Nigeria licensed Zenith Bank as a commercial bank.
Zenith Bank was founded in May, 1990 and they commenced banking operations in July, 1990. While On 17 June 2004, following a successful IPO , the bank became a public limited company. On 21 October 2004 its shares of stock were listed on the Nigeria Stock Exchange (NSE). The bank’s shares are traded on the London Stock Exchange (LSE) following a listing of the $850 million worth of its shares at $6.80 each, in 2013.
Zenith Bank has subsidiaries in the following countries:
United Kingdom, Ghana, United Arab Emirates, Sierra Leone, The Gambia, And has representative offices in China and South Africa.
Zenith bank Head Office: Zenith Heights, Plot 84, Ajose Adeogun street, Victoria Island, Lagos, Lagos State, Nigeria. Zenith Bank is the 3rd richest bank in Nigeria which is worth ₦4.4 Trillion.
4. Diamond Bank
Diamond Bank Plc is a multinational financial service provider in Nigeria.
Diamond Bank was founded on 20th December, 1990 as a private limited liability company. In 2005 (January) it became a universal bank.
In January 2005, following a Private Placement share offer which substantially raised the Bank’s equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange. Moreover, in January 2008, Diamond Bank’s Global Depositary Receipts (GDR) was listed on the Professional Securities Market of the London Stock Exchange. The first bank in Africa to record that feat.
Diamond bank subsidiaries: They are; Diamond Pension Funds Custodian Limited – Victoria Island, Lagos, Lagos State And Diamond Bank (UK) Plc – London, United Kingdom.
Diamond Bank Plc is worth ₦3 Trillion.
5. Access Bank
Access Bank which is also known as Access Bank Plc, is a multinational commercial bank in Nigeria owned by Access Bank Group. Central Bank Of Nigeria licensed Access Bank as a commercial bank.
Access Bank was founded in 1989 and has Head Office at Plot 999c, Danmole Street off Adeola Odeku/Idejo Street, Victoria Island, Lagos, Lagos State , Nigeria. Originally a corporate bank, the organization acquired personal and business banking platforms from Nigeria’s International Commercial bank in 2012. Access Bank is the largest bank in Nigeria in terms of assets, loans, deposits and branch network.
Access Bank Zenith has subsidiaries in the following countries:
Zambia, Sierra Leone, United Kingdom (London) etc with an estimated net worth of ₦2.3 Trillion.
In Summary of this article, this is the list of the top 5 richest banks in Nigeria. All the banks mentioned above are very correct and proven to be updated.
Is your bank among the richest in Nigeria as at today?