₦airaland Forum

By Mayowa Tijani



The year 2018 has been very challenging and equally eventful for the Nigerian banking sector. Skye Bank morphed into Polaris Bank, while Access Bank and Diamond Bank are fixing the bolts and nuts of the biggest banking deal of 2018.

The banking sector, which controlled trillions of naira in market value and transactional strength in 2018, also had a bleeding year, as many of the listed entities had massive declines in share price and market capitalisation.

The biggest bank in Nigeria, by market cap, for 2018 is Guaranty Trust Bank (GTB), with a year-end market cap of over N1 trillion at the Nigerian Stock Exchange (NSE).

Unity Bank had the smallest market cap by the end of the year, but had a drastic increase in market value, with a 109.8 percent increase in share price, to lead the pack as the best performing bank at the exchange for 2018.

Access Bank, on its way to becoming Nigeria’s largest bank, come 2019, had the worst year, in terms of market value, shedding 35.05 percent of its share price in 365 days.

Since the Herbert Wigwe-led bank made the move to acquire Diamond Bank, the latter has gained more than 45 percent in market value, becoming the bride of the Nigerian bourse.

HERE ARE THE BEST AND WORST PERFORMING BANKS OF 2018

A) RANK, B) BANK, C) SHARE PRICE(N), D) SHARE PRICE GAIN/LOSS (%) E) MARKET CAP (N’BILLION)

A. B. C. D. E.
1 Unity Bank 1.07 +109.8 12.51
2 Sterling Bank 1.90 +75.93 54.70
3 Diamond Bank 2.18 +45.33 50.49
4 FCMB. 1.89 +28.57 37.43
5 Wema Bank. 0.63 +26.00 24.30
6 Stanbic IBTC 47.95 +17.38 491.04
7 Ecobank 14.00 -9.20 337.40
8 Zenith Bank 23.05 -10.10 722.12
9 First Bank of Nigeria 7.80 -11.36 285.37
10 GTB 34.45 -15.46 1,001
11 Fidelity Bank 2.03 -17.48 58.82
12 Jaiz Bank 0.50 -20.63 14.73
13 UBA 7.70 -25.73 263.38
14 Union Bank of Nigeria 5.60 -28.21 231.03
15 Access Bank 6.80 -35.05 196.71

The ranking above is basically driven by market forces and share value, it does not directly take into account corporate governance issues, non-performing loans (NPLs), and other management factors.

By market cap, the leading banks for 2018 are GTB, Zenith Bank, Stanbic IBTC, Ecobank and First Bank of Nigeria.

Banks not listed on the Nigerian Stock Exchange (NSE), such as Keystone Bank, were not taken into consideration while compiling this list.

JasonScoolari:
And none of my hopeless bank wished me a happy new year but they were quick to withdraw their monthly N52.00 charge.

UBA, our relationship will end if you fail to wish me happy Sunday. You've less than 4days to apologise.

First bank, don't even wish me anything, I will throw you out like a mere prostitute who's not after my satisfaction.

Union Bank, Consider yourself lucky for advising me on how to save 5k monthly.

Access bank should be given the award. That bank is just like a quiet dude who snatch the beautiful girl from his noisy neighbors.

Anopheles:
Which one is Jaiz Bank?

Never seen it before

Gabriel004:
Thought igbos made gtbank bankrupt na. Wetin dey happen?

Gabriel004:
Thought igbos made gtbank bankrupt na. Wetin dey happen? They will soon come here to claim how they control banking system

MykOnyxo:
Credit alert: 4000
balance : 3,900

and I ask where exactly in the air is 100 naira hiding.....

FCMB e kare.. only God can judge you for me

JasonScoolari:
And none of my hopeless bank wished me a happy new year but they were quick to withdraw their monthly N52.00 charge.

UBA, our relationship will end if you fail to wish me happy Sunday. You've less than 4days to apologise.

First bank, don't even wish me anything, I will throw you out like a mere prostitute who's not after my satisfaction.

Union Bank, Consider yourself lucky for advising me on how to save 5k monthly.

Access bank should be given the award. That bank is just like a quiet dude who snatch the beautiful girl from his noisy neighbors.

Valentinooo:
Ecobank is the worst bank I have ever used

Bukasint:
I have thrown away first bank since. They are dam annoying asin I hate the bank with passion. Very useless bank. Access Bank and GT Bank are wonderful.

Cordis92:
The OP is bias. How can you say access was the worst performed bank in 2018? According to we consumers enjoying services from banks, we believe access bank was the best bank in 2018. Argue with diamond bank��

myettiallah:
[s][/s]

I beg to differ...UBA has the best customer service
And the Best App there is..
Wether u call on them thru twitter, facebook or mails they answer u ASAP....

Anopheles:
Which one is Jaiz Bank?

Never seen it before

williams85:
Ecobank should be the last.. their costumers care service is zero.

Gabriel004:
Thought igbos made gtbank bankrupt na. Wetin dey happen? They will soon come here to claim how they control banking system