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Aug 02

The 2018 top banks in Nigeria by Shareholders’ funds

  • August 2, 2018
  • StartCredits
  • Bank Loans in Nigeria

Shareholders’ funds refers to the amount of equity in a bank, which belongs to the shareholders. The amount of shareholders’ funds yields an approximation of theoretically how much the shareholders would receive if a business were to liquidate In this educational article, we list the 2018 top banks in Nigeria by Shareholders’ funds.

It is the value of the shareholders’ interest in a bank. For banks (as opposed to group) accounts it is simply all assets less all liabilities. For consolidated group accounts the value of minority interests should also be excluded. The addition of minority interests gives us “shareholders’ fund including minority interests”. Further adjustments give us total equity.

The balance sheet value of assets does have some significance for valuation. However, changes in shareholders’ funds are also important. The items within shareholders’ funds (share capital, reserves and retained profit) are usually of little importance, although the amount of distributable reserves might matter to shareholders if it is too low, and (even more rarely) to creditors if it is too high.

Return on shareholders’ investment ratio is a measure of overall profitability of the business and is computed by dividing the net income after interest and tax by average stockholders’ equity. It is also known as return on total equity (ROTE) ratio and return on net worth ratio.

The 2018 top banks in Nigeria by Shareholders’ funds

nigeria banks 2018 shareholders fund           

Zenith Bank PLC (#653,596,000,000 (2016), #775,917,000,000 (2017)), Access Bank PLC (#454,494,580,000 (2016), #515,447,409,000 (2017)) and Guaranty Trust Bank PLC (#453,873,741,000 (2016), #511,693,924,000 (2017)) have the highest shareholders’ fund in the year 2016 and 2017.

Suntrust Bank Nigeria Limited (#10,449,561,000 (2016), #10,607,434,000 (2017)), Wema Bank PLC (#40,099,362,000 (2016), #43,705,146,000 (2017)), and Sterling Bank PLC (#86,316,342,000 (2016), #89,583,000,000 (2017)) have the lowest shareholders’ fund in the year 2016 and 2017.

Bank NameShareholders’ Fund
2016 (‘000 Naira)2017 (‘000 Naira)
Suntrust Bank Nigeria Limited10,449,56110,607,434
Wema Bank Plc40,099,36243,705,146
Sterling Bank Plc86,316,34289,583,000
Stanbic IBTC Bank Ltd.108,228,000133,317,000
Union Bank of Nigeria Plc178,891,000211,156,000
Diamond Bank Plc211,336,909215,052,615
United Bank for Africa Plc305,369,000283,593,000
First Bank Nigeria Limited436,305,000462,906,000
Guaranty Trust Bank Plc453,873,741511,693,924
Access Bank Plc454,494,580515,447,409
Zenith Bank Plc653,596,000775,917,000
Total2,938,959,4953,252,978,528
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Related Posts

  • The 2020 top banks in Nigeria by Shareholders’ fundsFebruary 9, 2020
  • The 2019 top banks in Nigeria by Shareholders’ fundsMarch 6, 2019

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