13 Nigerian banks in top 1000 global ranking

Thirteen Nigerian banks emerged in this year’s edition of the “Top 1000 World Banks’ Ranking,” by the Bankers magazine, owned by the Financial Times Group, London. Zenith Bank Plc, First Bank Nigeria and Guaranty Trust Bank Plc (GTB), in that order, were the top three Nigerian banks in the ranking. Others were Access Bank, United Bank for Africa (UBA), Ecobank Nigeria, Fidelity Bank, First City Monument Bank, Skye Bank, Diamond Bank, Stanbic IBTC, Union Bank and Standard Chartered Bank, in that order. According to a report from the Country Representative, Nigeria of The Banker magazine, Mr. Kunle Ogedengbe, at the weekend, this year’s ranking saw the return of Union Bank to the league of top global banks. The full list of the Nigerian banks in the ranking are Zenith Bank, First Bank, Guaranty Trust Bank, Access Bank, United Bank for Africa, Ecobank, Fidelity Bank, First City Monument Bank, Skye Bank, Diamond Bank, Stanbic IBTC, Union Bank and Standard Chartered Bank. “Zenith Bank moved 35 places from 322 in the world last year to 287; First Bank moved from 338 to 367, Guaranty Trust Bank moved to 417 from 455; Access Bank moved to 506 from 541 and UBA moved to 553 from 563,” he stated. These movements, according to analysts, was a good sign of the improvements of the soundness of the Nigerian banks among the world global banks and the robust monetary policies of the Central Bank of Nigeria (CBN).

– http://www.thisdaylive.com/articles/13-nigerian-banks-in-top-1000-global-ranking/152761/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s