Category: Nigeria’s Top 10 Banks by Returns on Investment 2020

Sterling Bank Plc expanded the balance sheet by 10 percent to N1.3 trillion as at the end of third quarter operations in September 2020. That was a stronger growth rate than recorded in three years. Asset expansion was led by…

First City Monument Bank Plc [FCMB] grew the size of its balance sheet in 2020 faster than any time since 2013. Total assets expanded by 22 percent to over N2 trillion mark in the first nine months of trading. This…

Union Bank of Nigeria Plc expanded the asset portfolio for the second year in 2020 from flat position in 2018. Total assets grew by over 19 percent to stand at N2.2 trillion at the end of the third quarter. This…

Fidelity Bank Plc grew the size of the balance sheet by close to 31 percent to N2.6 trillion at the end of the third quarter in September 2020. This is the highest growth in asset base for the bank in…

FBN Holdings Plc gained significant speed in growing the size of the balance sheet in 2020. Total assets grew by 17.8 percent over the first nine months of the year to September – the highest increase in seven years. Lending…

United Bank for Africa recorded a strong growth in the balance sheet at an increase of 26 percent to over N7 trillion in total assets at the end of the third quarter in September 2020. This is the strongest growth…

Access Bank Plc experienced a year of consolidation in 2020 after a major increase of 44 percent in the size of the balance sheet in 2019. At the end of nine months of trading last year, the bank reported total…

The 2020 financial year was one of an outstanding growth in assets for Zenith Bank Plc but how to convert the assets into earnings for a decent return to shareholders tested the ingenuity of management. The bank closed the nine…

Stanbic IBTC Holdings Plc followed an aggressive path in asset expansion in 2020 and how to grow earnings to match that level of balance sheet expansion posed a major challenge to management in the year. The bank closed the third…

Guaranty Trust Bank Plc ranks high in the banking industry in terms of ability to convert assets into revenue. The bank’s asset turnover has been stable in recent years, as growth in assets stayed ahead of revenue. At the end…