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Feb 16
top bank in nigeria by profit before taxation 2019

The 2019 top banks in Nigeria by profits

  • February 16, 2019
  • StartCredits
  • Bank Loans in Nigeria

Profit Before Taxation combines all of the company’s profits before tax, including operating, non-operating, continuing operations and non-continuing operations. In this educational article, we list the 2019 top banks in Nigeria by profits.

PBT exists because tax expense is constantly changing and taking it out helps give an investor a good idea of changes in a company’s profits or earnings from year to year. Profit Before Taxation (PBT) is the money retained by the firm before deducting the money to be paid for taxes. It is a profitability measure that looks at a company’s profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax.

Profit before tax provides useful information for evaluating a company’s operating performance without regard to tax implications. By removing the tax factor, profit before tax helps to minimize a variable that may be unique from bank to bank, in order to focus the analysis on operating profitability as a singular measure of performance. Such analysis is particularly important when comparing similar banks across the industry.

 

The 2019 top banks in Nigeria by profits

 

top bank in nigeria by profit before taxation 2019           

Zenith Bank PLC is the largest bank in Nigeria this year by profit of N232bn. GTB comes in second place with N215bn and UBA is 3rd with N107bn. Wema bank is the lowest with N4.8bn.

 

Profit before Taxation
20172018
Wema Bank Plc3,0094,798
Union Bank of Nigeria Plc18,50013,900
Fidelity Bank Plc19,20025,100
FIRST BANK NIGERIA LIMITED54,52265,288
Stanbic IBTC Bank Ltd.49,36588,152
Access Bank Plc78,169103,188
United Bank For Africa Plc104,222106,766
Guaranty Trust Bank Plc197,700215,600
Zenith Bank Plc199,319231,685

 

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Related Posts

  • The 2020 top banks in Nigeria by profitsMarch 9, 2020
  • The 2018 top banks in Nigeria by profitsJuly 15, 2018

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