StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
Mar 09
The 2020 top banks in Nigeria by profits

The 2020 top banks in Nigeria by profits

  • March 9, 2020
  • 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 2020 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 2020 top banks in Nigeria by profits

The 2020 top banks in Nigeria by profits           

Zenith Bank PLC is the largest bank in Nigeria this year by profit of N243bn. GTB comes in second place with N231bn and Access bank is 3rd with N115bn. Wema bank is the lowest with N6.7bn.

Bank201720182019
Wema Bank Plc3,0094,7986,760
Union Bank of Nigeria Plc18,50018,07224,844
Fidelity Bank Plc19,20025,10030,353
FIRST BANK NIGERIA LIMITED54,52265,28883,600
Stanbic IBTC Bank Ltd.49,36588,15290,925
Access Bank Plc78,169103,188115,379
United Bank For Africa Plc104,222106,766111,300
Guaranty Trust Bank Plc197,700215,600231,700
Zenith Bank Plc199,319231,685243,294
  • Facebook
  • Twitter
  • Tumblr
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Related Posts

    Comments are closed.

    Search for your Loan

    Latest Loans

    • ab microfinance loans AB Microfinance
    • Addosser Addosser
      Rated 4.00 out of 5
    • fidelity loans Fidelity
      Rated 4.00 out of 5
    • Kickstarter
    • davodani microfinance DavoDani
    • Development Bank of Nigeria Development Bank of Nigeria
    • Giwa MFB Giwa
    • Wema Bank Wema
      Rated 5.00 out of 5
    • social lender loans Social Lender
    • titan trust Titan Trust

    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