Thirteen Nigerian banks have been named in the list of
1000 top lenders across the world, according to the
Banker magazine of the Financial Times Group in its
2014 report on banks released on Sunday 6 July.
The Nigerian banks attained this feat for the second year
in a row which makes the Financial Institutions among
the 1000 world best if your’e looking to bank in Africa or
your’e worried about the capacity of your bank.
The Country Representative of The Banker Magazine,
Kunle Ogedengbe, said the ranking is based on Tier-1
capital, which has Zenith Bank, Guaranty Trust Bank,
First Bank, Access Bank, United Bank for Africa, Fidelity
Bank and Ecobank Nigeria.
Others are: Skye Bank, First City Monument Bank,
Diamond Bank, Stanbic IBTC Holdings, Standard
Chartered Bank Nigeria and Union Bank of Nigeria.
Zenith Bank was ranked top in Nigeria at 293 position
while Guaranty Trust Bank was placed 415. First Bank
and Access Bank were ranked 424 and 532 respectively.
UBA was listed at 539 and Fidelity, occupied 622
position.
The Banker said the profit on capital of three Nigerian
banks that are not foreign-owned subsidiaries increased.
First Bank’s profit on capital increased to 25.32 per cent
from 25.13 per cent, Access Bank, from 21.19 per cent to
21.24 per cent and First City Monument Bank, 15.77 per
cent from 15.07 per cent.
The magazine said the share number of local banks that
made the ranking “underlines Nigeria’s number one
position in Africa, as no other African country had up to
13 banks in the Top 1,000 World Banks”.

Source http://newswirengr.com/2014/07/07/13-nigerian-banks-among-worlds-1000-is-your-financial-institution-included-details/?utm_source=&utm_medium=twitter

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Good

yezz ofcuz....gtb *dusts shoulder*