StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
Sep 15

The 2018 top banks in Nigeria by assets

  • September 15, 2018
  • StartCredits
  • Bank Loans in Nigeria

An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. Assets are broken down into two main categories. These two categories are current assets and non-current assets. In this educational article, we list the 2018 top banks in Nigeria by assets

Total assets are the sum of all current and non-current assets and must equal the sum of total liabilities and stockholders’ equity combined. The final amount of all cash and cash equivalents, financial assets held for trading, derivative financial assets, investments securities (those available for sale and held to maturity), assets pledged as collateral, loans and advances to banks and customers, restricted deposits and other assets, investment in subsidiaries, property and equipment, intangible assets and assets classified as held for sale as they are presented on the balance sheet.

Loans and advances to customers accounts for major proportion of the total assets, followed by cash and cash equivalents. Intangible assets accounts for least proportion of the total assets.

Total assets = liabilities + stockholders’ equity

The 2018 top banks in Nigeria by assets

nigeria banks assets 2018           

From the figure above Zenith Bank has the highest total assets with #4,833,658,000, then Access Bank plc valued #3,499,683,979,000 and United Bank for Africa plc valued #2,931,826,000,000. Suntrust Bank Nigeria Limited has the lowest total assets with #26,558,632,000, followed by Stanbic IBTC Bank LTD valued #97,374,000,000 and Frist Bank Nigeria Limited valued #269,621,000,000 respectively in the year 2017.

The banks with highest total assets in the 2016 are Zenith Bank (#4,283,736,000,000), Access Bank (#3,094,960,515,000) and Guaranty Trust Bank (#2,613,340,074,000). While banks with the lowest assets are; Suntrust Bank Nigeria Limited (#17,524,985,000), Stanbic IBTC Bank Limited (#92,857,000,000) and First Bank Nigeria Limited (#266,903,000,000)

 

Bank NameTotal Assets
2016 (‘000 Naira)2017 (‘000 Naira)
Suntrust Bank Nigeria Limited17,524,98526,558,632
Stanbic IBTC Bank Ltd.92,857,00097,374,000
First Bank Nigeria Limited266,903,000269,621,000
Wema Bank Plc421,221,036385,388,304
Sterling Bank Plc830,802,2241,068,698,000
Union Bank of Nigeria Plc1,123,483,0001,334,921,000
Diamond Bank Plc1,662,508,8251,551,856,615
Guaranty Trust Bank Plc2,613,340,0742,824,928,985
United Bank for Africa Plc2,539,585,0002,931,826,000
Access Bank Plc3,094,960,5153,499,683,979
Zenith Bank Plc4,283,736,0004,833,658,000
Total16,946,923,67518,824,516,532

 

  • Facebook
  • Twitter
  • Tumblr
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Related Posts

  • The 2020 top banks in Nigeria by assetsMarch 9, 2020
  • The 2019 top banks in Nigeria by assetsMarch 16, 2019

Comments are closed.

Search for your Loan

Latest Loans

  • union bank quick loans Union
    Rated 1.00 out of 5
  • susu microfinance Susu
  • ipodo-ikeja Ipodo Ikeja
  • Airtel Credit Loan Airtel
  • Nigerian Youth Investment Fund Nigerian Youth Investment Fund
  • Ibile Ibile
    Rated 1.00 out of 5
  • Survivalfund ng Survival Fund
  • PayConnect startcredits PayConnect
    Rated 3.00 out of 5
  • Nirsal microfinance loan Nirsal
    Rated 4.29 out of 5
  • Purplemoney PurpleMoney

Loan Advice

  • Funding options to Emigrate from Nigeria
  • How to access bank loans for your business in Nigeria
  • How to improve your credit score in Nigeria
  • Non-performing loans of Nigerian banks
  • Securing a federal government housing loan in Nigeria
  • How to check your NIN for a loan application
  • Types of loans offered in Nigeria
  • Home loans in Nigeria

Loan Type

  • Bank
  • Government
  • Grants
  • Lease
  • Microfinance
  • Moneylender
  • Mortgage
  • Peer-to-peer

Company

  • About
  • Contact
  • Careers
  • Credit Score

Loans

  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance

Investments

  • Crypto
  • Bonds
  • Deposits
  • Shares

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on Google+
  • Loans
    ▼
    • Credit Score
    • Guide
  • Investments
    ▼
    • Bank
    • Crypto
  • Log In
Return To Top
  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance
2023