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10 Largest Banks in Nigeria by Assets

Although the outbreak of the coronavirus was a major setback to Nigeria's economy and that of the world, the Nigerian banking sector witnessed growth. Some of the top banks in the country gained more profits during this period

There have been mergers between banks and that has made them stronger. One of them is the merging of Access Bank and Diamond Bank. This has increased the assets owned by Access Bank

Banks are most times rated based on their assets and how much those assets cost. Here are a list of the top ten banks in Nigeria according to their assets

From the 3rd Quarter Reports of 2020, Zenith Bank is the largest bank in Nigeria when it comes to assets. 

Zenith Bank N7.97 trillion, Access Bank N7.90 trillion, FBN Holdings N7.24 trillion, UBA N7.06 trillion, GTB N4.57 trillion, Stanbic IBTC N2.58 trillion, Fidelity Bank N2.57 trillion, Union Bank N2.24 trillion, FCMB N2.04 trillion, Sterling Bank N1.3 trillion

The top five banks had an increase in their total assets in 2020. They had N29.054 trillion in 2019 while their assets rose to N34.772 trillion in the third quarter of 2020

Content created and supplied by: ZephaniahBethelKalu (via Opera News )

FBN Holdings Fidelity Bank Nigeria Stanbic IBTC Zenith Bank


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