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 2019 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 2019 top banks in Nigeria by assets
From the figure above Zenith Bank has the highest total assets with N5955bn, then First Bank with N5568bn and Access Bank plc with N4954bn.
|Wema Bank Plc||394,459||480,771|
|Union Bank of Nigeria Plc||1,455,500||1,463,900|
|Stanbic IBTC Bank Ltd.||1,386,416||1,663,661|
|Fidelity Bank Plc||1,379,214||1,719,883|
|Guaranty Trust Bank Plc||3,845,000||3,287,000|
|United Bank For Africa Plc||4,069,500||4,869,700|
|Access Bank Plc||4,102,000||4,954,000|
|FIRST BANK NIGERIA LIMITED||5,236,537||5,568,316|
|Zenith Bank Plc||5,955,253||5,955,710|