Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,967,509 members, 7,202,525 topics. Date: Tuesday, 06 December 2022 at 06:11 AM

Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria (26309 Views)

Lagosians Struggle To Enter FCMB Bank As Lockdown Eases (Video) / Zenith Bank Becomes Nigeria’s Largest Bank By Customer Deposit / Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by rodeo0070(m): 1:20pm On Aug 26, 2017
Zenith Bank Nigeria PLC has just overtaken First Bank PLC as the largest bank in Nigeria.

The data is based on both bank’s financial reports which showed that Zenith Bank’s total asset base is now NGN4.9 trillion compared to FBN Holdings’ NGN4.8 trillion total asset base.

As seen on this table, Zenith Bank took over the position with a slight margin and either of FBN Holdings or Zenith might take the lead at by the time they both disclose their financials for the third quarter of the year.

Looking at these data from another angle, Ecobank, registered as Eco Transnational Incorporated, ETI, is the largest financial services group in West Africa and not in Nigeria. This is because of its asset base aggregates all the asset position of its pan-African spread and its other subsidiaries.

The table also showed a list of their liabilities to further have a deeper view of things.

Note that there some bank’s asset were based on their last financial reports. This list will be updated from time to time as soon as all results are released.

Source: https://brandspurng.com/zenith-bank-overtakes-first-bank-as-the-largest-bank-in-nigeria/

6 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Young03(m): 1:24pm On Aug 26, 2017
Ecobank can never improve

useless bank

27 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 1:53pm On Aug 26, 2017
STC
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nutase: 1:54pm On Aug 26, 2017
Who dem EPP ?shocked

4 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by ultron12345: 2:22pm On Aug 26, 2017
Congratulations to the Directors and Top management officials of the bank......it wouldn't have been possible without them.......they are indeed exceptional.

27 Likes 1 Share

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Dynamiceagle(f): 5:23pm On Aug 26, 2017
but that ETI is higher than firs bank and zenith bank

7 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by rodeo0070(m): 8:31am On Aug 27, 2017
Dynamiceagle:
but that ETI is higher than firs bank and zenith bank

From the write up, "ETI, is the largest financial services group in West Africa and not in Nigeria. This is because of its asset base aggregates all the asset position of its pan-African spread and its other subsidiaries."

15 Likes 1 Share

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by kittykollinxx(m): 9:02am On Aug 27, 2017
first bank would overthrow zenith in no time. but ECO bank na mumu bank don't be decieved

24 Likes 1 Share

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by ovieokodhi(m): 9:02am On Aug 27, 2017
S
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by cristianisraeli: 9:02am On Aug 27, 2017
i still trust FIRST BANK BETTER THAN ZENITH

42 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by WebSurfer(m): 9:02am On Aug 27, 2017
grin
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:03am On Aug 27, 2017
Yet still pays entry level staff 75k on contract. Yeye

23 Likes 2 Shares

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nonywendy(m): 9:04am On Aug 27, 2017
Koshi koshi
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by amylomo(f): 9:04am On Aug 27, 2017
Yeye dey smell
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by ovieokodhi(m): 9:04am On Aug 27, 2017
As the name implies, so it going where it naturally belongs to
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by blackaxe78: 9:04am On Aug 27, 2017
Just imagine!


Standard Trust Bank, Savannah Bank, Societe Generale Bank and Afri Bank did not make the list

List is void!
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by KingLennon(m): 9:05am On Aug 27, 2017
Diamond bank is getting there, First bank is overhyped.

2 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by xreal: 9:05am On Aug 27, 2017
I don't understand.

Jaiz and wema bank's figures are high.

2 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lonelydora: 9:05am On Aug 27, 2017
Whether good or bad, my money will remain with First Bank. Better to do business with bank that has stood the taste of time and with so many government accounts domiciled with them. No matter the politics, first bank can never be affected. Savannah bank comes to mind.

A slay queen can never cook better than a granny who has years of experience.

37 Likes 3 Shares

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Franco93: 9:06am On Aug 27, 2017
SHINA PETERS VS JIM OVIA

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Today, Zenith Bank is the largest bank in Nigeria, while Shina Peter might be ashamed to live in his house now.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it. On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children. Some people carrying iphone7 today, may not be aware that they are carrying their future.

When you are young, don't spend money. Invest it.
Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

Let's be wise.

82 Likes 11 Shares

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 9:06am On Aug 27, 2017
Okay
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OmoManU: 9:06am On Aug 27, 2017
Kudos to zenith and Jim Ovia

2 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:06am On Aug 27, 2017
When the current CBN governor used to be an MD of the Bank... Why not!!!

6 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:08am On Aug 27, 2017
A
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 9:10am On Aug 27, 2017
Who is their driverundecided
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:11am On Aug 27, 2017
Useless assets

Those block work and glasses abi.

Strong room
Bomb detector
CCTV
three floor building
Alucoband panel
Computers
Turnstile
air-conditioning units
Flowers
ATMs

Useless assets....nonsense asserts that they use to build balanced sheet nonsense

5 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by omojeesu(m): 9:11am On Aug 27, 2017
If true, It was just a matter of time. Zenith is the most aggressive bank in Nigeria.

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OreoPaschal(m): 9:11am On Aug 27, 2017
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off. angry angry angry angry angry angry
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by holysainbj(m): 9:11am On Aug 27, 2017
Young03:
Ecobank can never improve


useless bank
Atimes read well and assimilate better.
Can't you see ETI? They are even more bankable than every other coporation up there. Even though it's their WA holdings that was listed.

1 Like

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by noble71(m): 9:11am On Aug 27, 2017
shocked yeah that's the billionaires bank, If you wish to be one join us.
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by dingbang(m): 9:11am On Aug 27, 2017
Notice to all our esteemed first bank customers.


Please click the link below to download and register your first bank mobile app using my thread as a registration guide.


https://www.nairaland.com/3837288/nairalander-explains-first-bank-mobile/11#59865423


Thank you very much.

2 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 9:12am On Aug 27, 2017
Narldon:
Okay
so i met u hereundecided wow! We use to be friends on facebk

(1) (2) (3) (4) (5) (Reply)

₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets / 5 Important Business Lessons I Learnt From Lagos Danfo Drivers / Dangote To Bid For Chelsea Football Club, If Stan Kroenke Fails To Sell Arsenal

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 85
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.