Best 5 Banks in Nigeria for You to Save Money
Nigeria has a considerable amount of banks. Nigeria’s banking industry consists of discount houses, commercial banks, microfinance institutions, and finance firms. All these types of banks are regulated by the central bank. There are actually a lot of best banks in Nigeria, therefore you might find it difficult to consider choosing the right bank because of the many choices that make you confused.
Shortlist of the Best Banks in Nigeria
We have summarized the 5 Best Banks in Nigeria to facilitate your search, learn more about these banks and match them with your wants and needs.
1. Zenith Bank
This bank has generated revenue of NGN$673.64 billion and net income of NGN 157.14 billion. Considered one of the Best Banks in Nigeria as it has 500 established branches across the country, has provided services to more than 1.6 million customers and has 700 employees.
Zenith Bank was established in 1990 with diverse financial services such as FOREX, trade services, corporate banking, treasury, investment, retail and SME.
2. Access Bank
One of the banks categorized as the best Bank in Nigeria is Access Bank because of several reasons, including earnings of NGN381.32 billion and a net income of NGN 71.4 billion. Access Bank has 317 branches across Nigeria and several overseas branches such as the UK and China.
Having been licensed by the Central Bank of Nigeria in 1988, the bank focuses on commercial banking, personal banking, investment banking, and also cooperative-oriented financial services.
3. First Bank of Nigeria
This bank is based in Lagos and was established in 1894 with a total yearly revenue of NGN 469.59 billion and its total net income is NGN 40.01 billion. Similar to most financial services, it also focuses on retail, commercial, cooperative and public sector banking.
The bank has 760 locations across the country with over 7000 employees. No wonder First Bank of Nigeria is one of the Best Banks in Nigeria.
4. GT Bank
This bank has a total revenue of NGN 419.23 billion and its net income in the year 2017 was NGN 170.47 billion. GT Bank can be used as an option to save money when it comes to its capabilities.
GT Bank has 1,165 ATMs for easy withdrawals and deposits and has 220 branches across Nigeria. The bank has had 8 million customers since its establishment and 8,000 employees.
5. Ecobank Nigeria
One of the Best Banks in Nigeria that provides cooperative banking, retail and wholesale services, cooperative banking, capital markets, and investment banking services. Since its establishment in 1986, Ecobank Nigeria has recorded a revenue of NGN 506.17 billion.
Which Bank Will You Choose?
After reviewing and learning about the advantages, types of services, and amount of revenue from the list of Best Banks in Nigeria, you will have a clue to choose the best bank in your version to save your money. All banks are the best but choose the one that suits your needs.
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