₦airaland Forum

First Bank, GTBank, UBA, Zenith, others make top 1,000 Global Banks list
By Daily Post Staff on June 29, 2015@dailypostngr




Nine Nigerian banks have been named among top 1000 global banks by the Banker magazine in London.

The banks which are among the top 25 banks in Africa are Zenith, Ecobank, First Bank, Gtbank and Access Banks.

Others are, Diamond Bank, UBA, Fidelity and FCMB





A statement by the Banker magazine on Monday showed that Zenith bank placed first among Nigeria top banks in terms of tier 1 capital but 6th in Africa with a capital of $3.162 billion. It was followed by Eco Transnational which is second in Nigeria and 7th in Africa with a capital base of $3.030 billion. First Bank ranked 3rd in Nigeria and 10th in Africa with a capital of $2.327 billion.

GTBank which came 4th in Nigeria and 13th in Africa while Access Bank is 5th in Nigeria and 15th in Africa with a capital base of $1.398 billion.

Diamond is 6th in Nigeria and 17th in Africa, UBA ranked 7th in Nigeria and 17th in Africa while Fidelity ranked 8th in Nigeria and 21 in Africa. FCMB on its part was the 9th bank from Nigeria to make the top 25 banks in Africa.

The Bankers report said “Nigeria’s banks endured a difficult close to 2014, as the significant slump in oil prices caused havoc with the country’s economy.





“Zenith Bank has held its position as the sixth largest bank in Africa, and First Bank of Nigeria has risen from 424th to 371st on the global list. However, Nigeria’s Guaranty Trust Bank has dropped from 415th to 449th, with its capital base decreasing from $1.95bn to $1.78bn. Access Bank, Fidelity Bank and United Bank for Africa have also slipped down the rankings, though Diamond Bank joins the African top 25 at 579th in the global rankings”.

“The difficulties of the South African economy are reflected in its banks’ performances in the 2015 Top 1000 ranking, but elsewhere there is good news for Togo’s Ecobank and First Bank of Nigeria.
It added that: “For South Africa’s banking sector, the largest in Africa, 2014 passed in a similar vein to 2013 – both years were dominated by the weak performance of the national economy and the ensuing volatility of the rand. In 2013, the rand lost 13% of its value against the dollar, and though 2014 did not see another rapid depreciation, rand volatility remained high.

“This hampered the ability of South Africa’s banks to improve their capital adequacy. Four out of its top five lenders have fallen in the Top 1000 World Banks 2015 ranking, with a sixth, African Bank, dropping out of the table entirely.

“Standard Bank remains the continent’s largest bank, though it has dropped from 116th to 123rd in the overall ranking and its Tier 1 capital has fallen slightly from $10.56bn to $10.18bn. FirstRand has held its regional ranking position and increased its capital slightly, but Nedbank Group has dropped from 195th position to 216th and has seen its capital base drop to $4.76bn, from $5.11bn.





“Barclays Africa Group, previously known as Absa Group, would have come third in the African rankings with a Tier 1 capital base of $6.09bn, but is excluded from the main ranking as it is a subsidiary of the UK’s Barclays.

“Elsewhere, Togo-based pan-African lender Ecobank has improved significantly on its 2013 performance, climbing 90 places to 306th and increasing its capital adequacy by

“The world’s biggest banks continue to lose ground to Chinese rivals, according to The Banker’s latest ranking of Top 1000 banks. This year HSBC – which has restructured significantly and increased its focus on Asia – slipped from fifth place to ninth. Citigroup – which has also curbed its overseas presence – fell from sixth to seventh place.

Royal Bank of Scotland (RBS) fell to 18th place after the UK government bailout thwarted its international ambitions. Before the financial crisis in 2008, HSBC topped the list, Citi placed second and RBS third, measured by capital strength.

Meanwhile, Chinese banks are powering ahead in the ranking. China now has three banks in the top five places, with Bank of China moving from seventh place to fourth, and China Construction Bank staying in second place. Agricultural Bank of China moved up from ninth place to sixth.

The top four Chinese banks are also the world’s most profitable. Combined profits from all Chinese banks in the ranking are almost double those of US rivals and 10 times bigger than those of UK banks. In 2008, both UK and US banks were more profitable than their Chinese counterparts.
“However, Chinese banks are not taking as much global market share as their predecessors. ICBC, which tops the ranking for the third year in a row, is aiming to have 10% of its assets outside China in five years’ time. But this is small in comparison with the global banks in their heyday.

Brian Caplen, editor of The Banker, said: “At one time the ambition of the largest banks was to have operations in all parts of the world and across all business sectors. Now they are focussing on a few

angelo82:
Always following the market............I am doing Ok,I hope u are fine.........Accumulation mode activated.............

Good !

angelo82:
Vono?................Please use money to buy something better........Everyone is busy buying..............

Mr Angelo how re u sir , been a while ..hope u are following the MKT

power of Bear ..We will all resume very soon

yes we re making money ..owo ,kudi , ego

Quiet for now ...waiting for the next BULL

when ? nobody knows

Culled from SMN
More Expansion As First Bank Acquires ICB Guinea


POSTED BY: NAIRAMETRICS JUNE 19, 2015
One of Africa’s richest banks, First Bank of Nigeria Plc said early this week that it is expanding to Guinea following its 100 percent acquisition of International Commercial Bank (ICB) now known as FBN Bank Guinea.
The launch further consolidates First Bank’s position as the largest corporate and retail banking financial institution in sub-Saharan Africa (excluding South Africa) with presence in Ghana, Gambia, Guinea, Senegal, and Democratic Republic of Congo as well as presence in the UK and Representative Offices in Johannesburg, Abu Dhabi and Beijing,” the lender said in a statement.
According to the subsidiary of FBN Holdings Plc, the expansion represents its strategic objective to maintain significant market share, expand its pan-African footprint and diversify earnings while delivering value to shareholders.

The lender says FBN Bank Guinea is strategically positioned to foster greater collaboration and provide better service for the country’s public and private sector clients, and the general public at large. “The Bank leverages First Bank’s international network, business expertise, which is part of the diversified synergies of the FBN Group to offer innovative, convenient and secure banking services to its customers and better seize the emerging opportunities in the local market,” the statement added.

Bisi Onasanya, Group Managing Director/Chief Executive Officer (GMD/CEO) of First Bank commenting on the development said the launch of FBN Bank Guinea fulfils one of the critical stages of the lender’s ambition to steadily broaden and build a more diverse footprint across Africa. “We are committed to developing a multi-local business model that broadens our geographic revenue base while providing enhanced service delivery to our new customers and equity participation to local investors,” he affirmed.

On his part Akeem Oladele, Managing Director (MD) of FBN Guinea said having built value for Nigeria over the last 120 years, First Bank through FBN Bank Guinea is poised to do even more in the Guinean financial market.
According to him, FBN Bank Guinea will provide customers with a bouquet of banking solutions that will make their financial lives more convenient and stress-free whilst providing a delightful service experience.
“Given our heritage and market leadership at FBN Bank, we are committed to co-creation; to listen and input feedback received from our customers in the development of products and services that are relevant”, Oladele added.

On May 27, 2014 FBN Holdings announced that its subsidiary First Bank of Nigeria Limited has completed the acquisition of ICB Senegal, which represents the last jurisdiction of the West African assets of ICB Financial Group Holdings.
’By this acquisition, First Bank has now completed its acquisition of ICB West Africa comprising operations in Gambia, Ghana, Guinea, Sierra Leone and Senegal,’’ FBN Holdings said.
More Expansion As First Bank Acquires ICB Guinea | NAIRAMETRICS

Born2berich:
When the bulls come again, everybody will become a stock market analyst/guru.

Na so.. dem dey hibernating mode for now

Born2berich:
The current bear has driven everyone into hiding.

Bull will soon surface and everyone will start bringing ideas

Nice thread ...keep it coming

myjoy08:
ACCESS Interim Dividend loading...

I see u

pBuhari:
is this how Bahari will rule us?

No wonder he ws away and PDP take over the national assembly

By december 2015 am sure he would have travelled to over 100 countries

zendi:
Wouldn't wish even my enemy to be outside of skye and uba when their Q2 results are released, come july.

Got it

zik4ever:
What's up with it?

Nothin much bro , just wish like callin the name U.B.A

UBA !

[quote author=Luckystar220 post=34591740],, i rily need to knw it in dis page I've sent dem.msgs several tyms bt no reply bt in fixed deposit u can't rollover ryt?


And also in a year how mny tyms can i rollover lets assume m investing only for 91 days dats 3 months? [/quot


I think 3 to 4 times depending on when u start

Luckystar220:
@lancee rily u mean u can roll over in that same year??

yeah u can roll over ,but u have to instruct ur account officer /bank

Luckystar220:
Gud afternoon house, pls something confused me alot in this treasure bills investment pls i nid answers. If sum1 should invest after 91 days and get his moni and capital back can he also invest again that same year e.g i invest in January till march and get my capital n interest bk can i invest again in April-june dat same year pls you pple should help me out.

YOU CAN ROLL OVER AS MUCH AS U WANT ..I mean u can re-invest ur money over and over again

bigass:
the only fire i see on the mountain of NSE is - volume. Low volume

I observed that

Proud of you girls .. the yeye commentator was using world ranking to DETERMINE who will WIN .. Now he changed his words

Swedish 7 world ranking ..Naija 33

THEY GIRLS TRIED ..GOOD JOB ..POSITIVE SPIRIT

[quote author=angelo82 post=34556482]Kool......I just noticed your silence.............Things will get better........According to MyJoy,patience is a virtue.........


Amen to that sir , thanks for checking on me ..yes patience is a virtue ..still Holding on

angelo82:
Where is lance?............Hope all is well with you..............

Am here bro , was busy increasing my stake .. hoping for a BULL one day so I won't be left out

megainvest:
I am in this business for the big gains and it is times like this I prepare my portfolio for a bumper harvest. Keep sowing!

u re correct sir

Stock market is not for everyone , like someone said if u know you cannot stand the heat or loose your money why then investing ur money ,you can as well go look for another BIZ to do ..immediately the BEAR comes in you start creating unnecessary FEAR ..Why cant you use ur money on another Biz like T-bills ,buying and selling commodities etc

Any BEAR that comes in like this na to dey create PANIC ... SAME happened early this year whilst pple were making money you were confusing newbies and oldbies here with FEAR of election .. I TAYAOOO

[quote author=angelo82 post=34418730]But is going too fast and if your loss is 0.35%,its smart to exit and then hold on till these stocks bottom out before you enter again........I am sure you will profit from that...............Especially on stocks like FBNH incase if you buy at 9,you can exit now just to allow this bear to pass............If not it will go down below and you have to wait until it will come to your level again.................But if you have lost too much already,the best thing is to wait...........


U might be right ..This NSE na game , like mr 08joy said some people maybe causing the panick to buy at cheap price

angelo82:
This is one Behari kind of bear...............You don't have sit and look for your stock to shed anyhow.....Its time to sell off those banking stocks and see how low they will go and then you can re-enter again...............Seems the Amcon news of holding 100Billion stocks in most banks and about to sell might be causing more bear.........Access is one of the banks and some other banks..............

Its a 50/50 situation sir , what about if u sell at loss and they don't go that low like we planned ..How do u re-enter again ..I guess the bear don make people to be panicking and the dumping continues

myjoy08:
Oh my God, there will go again

They ve started predicting again as if they know ALL