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Business News of Saturday, 3 December 2022


Access leads, Zenith drops: Here are the top 10 largest banks in Nigeria by customer deposit in 2022

The photo used to illustrate the story The photo used to illustrate the story

Total customer deposits in 10 Nigerian banks listed on the Nigerian exchange hit N38.08 trillion as at the end of September 2022.

This is higher than the N37 trillion Nigerians deposited in the bank as at December 2021.

The latest figures are contained in the banks' unaudited financial records for the third quarter of 2022, submitted to the Nigerian exchange and obtained by

The banks captured are Access Bank, Fidelity Bank, FBN Holdings, GTCO, Union Bank, United Bank for Africa (UBA), Zenith Bank, Stanbic IBTC, Sterling Bank, Fidelity, and First City Monument Bank and Wema Bank.

For the top 10 largest banks ranking based on customers' deposits, it is led by Access bank. This is the position once held by Zenith bank in previous years. Here is how the banks rank according to their customer deposits

Access Bank –N10.25 trillion.

Zenith Bank, N8.04 trillion

United Bank for Africa (UBA), N7.81 trillion

First Bank Holdings, N7.61 trillion

Guaranty Trust Holding Company (GTCO), N4.39 trillion

Fidelity Bank, N2.29 trillion.

Stanbic IBTC, N1.65 trillion.

Union Bank N1.53 trillion.

Sterling Bank N1.30 trillion.

Wema Bank N1.07 trillion.