LARGEST BANK IN NIGERIA BY TOTAL ASSESTS AS OF H1 2022

Nigeria was a lucky country that was blessed with so many things including money.

Largest bank of Nigeria total assets is always increasing in terms of Money, buildings,Gold ,Diamonds e.t.c.

Nigeria is a country with many operating banks ranking from access bank, Zenith bank, FCMB, UBS and many more. Access bank has been ranked as the largest bank in Niger with the total assets of #13.199 trillion.

Zenith bank also ranked as the top two given the total asset of #10.115 trillion. Other banks such as FBN holding follow up with about #9.5236 trillion 

The ranking keep going down as UBA ranked 4th with #8.686 trillion, GTBco 5th with total asset of 568 trillion, followed by Fidelity bank, Stanbic Bank IBIC, FCMB, Union and sterling bank. This was made known by Nairameteix 

In the first half of 2022, Nigeria’s banking landscape witnessed significant shifts in the rankings based on total assets. Access Bank emerged as the country’s largest bank, boasting a substantial total asset value of N 13.199 trillion. Following closely behind was Zenith Bank, securing the second position with total assets amounting to N10.115 trillion.

Notably, FBN Holdings claimed the third spot, reporting a total asset worth N9.526 trillion, while United Bank of Africa (UBA) occupied the fourth position with a total asset value of N8.999 trillion. Guaranty Trust Company (GTco) rounded out the top five, with impressive total assets totaling N5.686 trillion.

Further down the ranking, Fidelity Bank held the sixth position, showcasing a strong performance with total assets of N3.693 trillion. Stanbic IBTC came in seventh place, reporting total assets amounting to N3.149 trillion, followed by FCMB in the eighth spot with total assets of N2.653 trillion.

Union Bank secured the ninth position with total assets of N2.541 trillion, while Sterling Bank concluded the list of the top ten banks with total assets valued at N1.814 trillion.

As 2022 progressed, the financial world eagerly anticipated the release of annual reports from these major banks. Access Bank, Zenith Bank, GTBank, UBA, and First Bank all exhibited remarkable asset growth, intensifying the competition within the industry. Ultimately, Access Bank retained its coveted title as Nigeria’s largest bank by total assets, though the rivalry among these banking giants continued to heat up.

The banking sector’s performance in 2022 showcased ambition, innovation, and a steadfast commitment to serving customers. Each bank contributed its unique strengths to the industry, transforming Nigeria’s banking landscape into a dynamic and captivating arena for observers.