Thirteen Nigerian Banks Make Worlds Top 1000 Banks. Thirteen Nigerian banks have made the worlds top 1000 banks, confirming the country as the leading financial centre in Africa, The #BankerMagazine of the Financial Times Group said in its 2014 edition. The private Guardian newspaper reported Monday that, for the second consecutive year, 13 Nigerian banks made the list of the worlds top 1000 banks. The publication also coincided with the global banks’ resurgence to profit of US$920 billion, the first time since the global financial crisis, which is 23% more than their previous peak of US$786 billion achieved in 2007 before the crisis. The ranking underlines Nigeria’s number one position in the continent, as no other African country has up to 13 slots in the top 1000 ranking. The Nigerian banks that made the ranking based on Tier-1 capital, in the order of their world ranking, are: ■ Zenith Bank, 293 ■ Guaranty Trust Bank, 415 ■ First Bank, 424 ■ Access Bank, 532 ■ United Bank for Africa (UBA), 539 ■ Fidelity Bank, 622 ■ Ecobank Nigeria, ■ Skye Bank, ■ First City Monument Bank, ■ Diamond Bank, ■ Stanbic IBTC Holdings, ■ Standard Chartered Bank Nigeria, and ■ Union Bank of Nigeria. Overall, Africa has 31 banks in the top 1000 world banks in 2014, with Nigerias 13 slots representing 41.94%. The 31 African banks in the ranking are from nine countries - Nigeria, South Africa, Egypt, Angola, Gabon, Kenya, Mauritius, Morocco and Togo. africanmanager/site_eng/detail_article.php?art_id=22233
Posted on: Mon, 07 Jul 2014 19:41:03 +0000
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