Nairametrics tracks the public information of listed banks on the NSE. We analyze them based on popular metrics to determine the leading players in the industry. For this analysis, the half-year 2021 results of the following banks were tracked: ACCESS, FBNH, FCMB, FIDELTYBK, GTB, JAIZBANK, STANBIC, STERLNBANK, UBN, UBA, WEMABANK and ZENITHBANK. Ecobank was not considered in the analysis as the bank operates efficiently in other markets besides Nigeria.
The key metrics considered in these analyses are Total Assets, Net Assets, Total Deposits, Profit After Tax, Return on Equity, and Return on Total Assets. Leading Banks by Total Assets
An analysis of the combined assets of the 12 listed banks that have released their half-year results (Ecobank excluded) revealed that the total assets increased by 6.37% from N49.49 trillion recorded as of December 2020 to N52.65 trillion in the review period.
The increase indicates a stronger financial position of the banks.
Among the 12 banks listed in the Nairametrics tracker, the following are the leading banks.
First position – ACCESS: N10.05 trillion
Second position – ZENITHBANK: N8.52 trillion
Third position – UBA: N8.32 trillion
Fourth position – FBNH: N8.02 trillion
Fifth Position – GTCO: N5.02 trillion
Upshots: All top 5 banks maintained their positions as the banks with the highest total asset as of the first half of the year. Among these banks, ACCESS had the highest growth so far of 15.63%% in the first half of the year when compared to their full-year 2020 report. Leading Banks by Net Assets The net asset represents the remainder when all liabilities have been subtracted from the bank’s total asset. It indicates the shareholders’ funds in the banks. Due to the depository nature of commercial banks and the ability of banks to greatly increase their liabilities, the metric is adopted by the CBN in assessing the banking sector’s ability to withstand credit losses.The combined net asset of all 12 analyzed banks stood at N5.55 trillion with Zenith Bank accounting for 20.6% of the total basket.The leading banks based on net assets are:First Position – ZENITHBANK: N1.14 trillionSecond Position – GTCO: N797.58 billionThird Position – ACCESS: N764.43 billionFourth Position – FBNH: N772.09 billionFifth Position – UBA: N752.52 billion Upshots: It is observed that all the banks had significant increases in their net asset in the first half of the year. UBA, however, recorded the highest increase of 3.9% in the period under review. Leading Banks by Customer Deposits Customer deposits […]
