No Nigerian bank among top 290 globally, Zenith is #293

A new report has revealed that no Nigerian bank is among the top 290 banks in the world.

The report, however, showed that 13 of the banks operating in the country were among the top 1,000 in the world.

The report, titled: ‘Top 1000 World Banks’, is an annual publication of The Banker, a journal of the Financial Times Group of London.

According to the report, Zenith Bank is the top Nigerian bank at 293; Guaranty Trust Bank was rated at 415; First Bank of Nigeria, 424; Access Bank, 532; United Bank for Africa, 539; and Fidelity Bank, 622.

Other banks in the country that made the list are Ecobank Nigeria, Skye Bank, First City Monument Bank, Diamond Bank, Stanbic IBTC Holdings, Standard Chartered Bank Nigeria and Union Bank of Nigeria.

A statement by the Country Representative, The Banker, Mr. Kunle Ogedengbe, said the ranking of the 13 Nigerian banks on the list was based on their Tier-1 capital.

http://www.punchng.com/business/business-economy/no-nigerian-bank-among-top-290-globally-report/