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Mar 16
top bank in nigeria by TOTAL ASSETS 2019

The 2019 top banks in Nigeria by assets

  • March 16, 2019
  • 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 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

top bank in nigeria by TOTAL ASSETS 2019

From the figure above Zenith Bank has the highest total assets with N5955bn, then First Bank with N5568bn and Access Bank plc with N4954bn.

 

Total assets

20172018
Wema Bank Plc394,459480,771
Union Bank of Nigeria Plc1,455,5001,463,900
Stanbic IBTC Bank Ltd.1,386,4161,663,661
Fidelity Bank Plc1,379,2141,719,883
Guaranty Trust Bank Plc3,845,0003,287,000
United Bank For Africa Plc4,069,5004,869,700
Access Bank Plc4,102,0004,954,000
FIRST BANK NIGERIA LIMITED5,236,5375,568,316
Zenith Bank Plc5,955,2535,955,710
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Related Posts

  • The 2020 top banks in Nigeria by assetsMarch 9, 2020
  • The 2018 top banks in Nigeria by assetsSeptember 15, 2018

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