24 Views

These Are The 10 Nigerian Banks That Made The 2016 Top 1000 World Banks Ranking

Zenith, First Bank, Gtbank, Access Bank and Diamond are among the ten Nigerian banks that made the 2016 Top 1000 World Banks ranking by Financial Times. Seven of these banks however featured in the top 25 Africa Banks in Africa going by their shareholders fund position.
The Banks are Zenith which top the Nigeria Bank list with $2.837 billion shareholders fund was ranked the seventh top bank in Africa and 325th globally. First Bank ranked the second top Bank in Nigeria with a shareholders fund of $2.036 billion, 11th top bank in Africa and occupied the 417th position in the global ranking.
Guaranty Trust Bank followed as the third top bank in Nigeria with shareholders fund of $1.673 billion and ranked 13th top bank in Africa and 490th in the world.
Next is Access Bank which ranked 4th in Nigeria with a shareholders fund of $1.536 billion, rankled 14th in Africa and was positioned as the 522nd Bank among the top 1000 banks in the world. United Bank of Africa is positioned as the 5th largest bank in Nigeria with shareholders fund of $1.004 billion, ranked 18th in Africa and 670 in the global 1000 top banks. The six Nigeria bank that featured in the 1000 top bank is Diamond Bank with shareholders fund of $912 million.
It is ranked as the 20th top bank in Africa and the 711th bank in the world. Fidelity also featured in the top 1000 and top 25 banks in Africa. It has $729 million as shareholders fund and is the 802 bank in the 1000 top world banks ranking.
Ecobank Transnational with registered office in Lome with presence in Nigeria is ranked the sixth among the top 25 banks in Africa and 306th in the global ranking.
Data released by the Banker today showed that three banks that were among the top 1000 banks last year dropped out of the ranking. From the 13 banks that featured in the ranking in 2015, 0nly ten made it this time around.
The Banker in a statement said “Mirroring the Top 25 African banks ranking in 2015, three South African lenders, Standard Bank, FirstRand and Nedbank, have secured the respective top three positions. But a closer look at their performance reveals that all of these banks have suffered in the rankings largely as a result of the depreciating rand. Standard Bank’s total Tier 1 capital in the 2016 edition is $7.48bn, down from $10.19bn in the 2015 ranking. In the global rankings, Africa’s largest bank has now fallen from 123rd place to 160th.
“FirstRand fared slightly better, with Tier 1 capital declining marginally from $7.98bn in the 2015 ranking to $7.18bn in the 2016 edition. All six South African banks in this year’s Top 1000 World Banks ranking registered a fall in Tier 1 capital. In each case, this decline was by more than 10% year on year.
“For Africa’s other major banking market, Nigeria, it was a similar story. In 2015, 13 lenders from the country were featured in the global ranking. In 2016 this has fallen to 10, with only two banks, Access Bank and Ecobank Nigeria, registering gains to their Tier 1 capital positions. This reflects the difficulties faced by the continent’s second biggest oil producer over the review period as low oil prices began to take their toll. Togo’s Ecobank Transnational has retained its global ranking of 306th and has moved up the regional table one place to sixth.
Beyond these larger markets, some African lenders have performed relatively well in the 2016 rankings. Building on their success in previous years, all three entries from Kenya recorded positive Tier 1 capital growth. Kenya Commercial Bank and Equity Bank both joined the continent’s Top 25 table in 2016 with a respective 2.24% and 29.82% growth in Tier 1 capital. The relative strength of this performance can in part be attributed to the performance of the Kenyan shilling in 2015, which declined modestly against the US dollar relative to many other African currencies.”
Meanwhile, the dominance of Egyptian lenders in the top five banks by return on capital table has been cemented with the addition of Banque Misr, though the list is topped by Ethiopia’s CBE.
“The depreciating rand and falling oil prices have caused trouble in Africa, with South African and Nigerian lenders slipping down the overall rankings, but Kenyan entrants still managed to show Tier 1 growth. A number of Africa’s largest banking markets faced severe challenges over the 2015 review period.
“Tumbling commodity prices and volatile currency movements all contributed to the generally weak performance of most of the continent’s big hitters in the 2016 ranking. In aggregate terms, the continent’s total Tier 1 capital fell by 12.77%, accompanied by similar hits to both profitability and asset growth”.
The release further said “Chinese banks continue to dominate The Banker’s latest global ranking of Top 1000 banks, but they are showing signs of slowing down. Their profits fell 3.5% – the first drop since 2004 – and bad loans are on the rise, reflecting a weaker Chinese economy. For the last few years China’s banks have dominated the ranking based on Tier 1 capital. This year Industrial and Commercial Bank of China (ICBC) remains number 1 and China Construction Bank number 2, with 4 out of the top 5 places held by Chinese banks.
“Major Chinese banks grew their capital faster than their assets last year suggesting that they are becoming cautious and there are also signs of rising bad loans,” said The Banker’s editor Brian Caplen. “All the same, Chinese banking profits are by far the world’s largest and far higher than those of US and European banks.”
US banks did well in the ranking with JP Morgan placing third, Bank of America 6th, Citigroup 7th and Wells Fargo 8th. French banks remain competitive, with Credit Agricole staying in 11th place and BNP Paribas in 12th. French bank profits grew by 30% while both UK and German banks lost ground.
“UK bank profits fell 22% and HSBC is now the only British bank in the global top 10, placing 9th. The outlook for UK banks is even more uncertain following the surprise UK vote to leave the European Union. Back in 2006, before the financial crisis, HSBC was the world’s second largest bank, and Royal Bank of Scotland the 7th largest.
Losses at Royal Bank of Scotland and Standard Chartered, and profit falls at Barclays and Lloyds, helped pull down UK profits. German bank profits fell 63%, reflecting an impact from the eurozone crisis, and are now behind those of Azerbaijan, Kazakhstan, India and Brazil. Germany’s leading bank Deutsche fell into a loss and an 18% decrease in capital – the largest among the top 25 banks – sent the bank tumbling from 16th to 21st in the global ranking. Back in 2006 Europe’s banks contributed 42% of global banking profits. Now they only contribute 16%.
By contrast, China’s share has gone from 4% to 32%. The US share has remained more constant at 27% in 2006 and 21% now.
“Key emerging markets such as Brazil, India and Russia performed badly in the ranking due to sharp decreases in their currencies against the dollar and/or falls in commodity prices causing economic slowdowns. Russia’s Sberbank dropped 12 places from 43 to 51 and Brazil’s Itau fell 16 places from 41 to 57. Indian bank profits fell 65% and a number of Indian banks fell into losses.
“But the best returns on capital are still to be found in emerging markets with 28% average returns in Africa, 22% in central and south America and 16% in Asia compared to 8% in western Europe”.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Dangerous Infections You Can Get When You Bite Your Nails
Food and Health
35 views
Food and Health
35 views

Dangerous Infections You Can Get When You Bite Your Nails

Mabel - September 22, 2017

Biting your nails might seem like a minor bad habit. The frequency of the habit might lead you to believe that it's no big deal. However, it…

The University Of Ibadan Fixes Resumption Date
General
34 views
General
34 views

The University Of Ibadan Fixes Resumption Date

Mabel - September 22, 2017

The management of the University of Ibadan (UI) Chapter returns back to classrooms, the school authority has notified the students that the second semester lectures of the…

2017 WAFU Cup: Super Eagles Defeat Benin To Set Up A Final Game Against Ghana
Sports
43 views
Sports
43 views

2017 WAFU Cup: Super Eagles Defeat Benin To Set Up A Final Game Against Ghana

Mabel - September 22, 2017

The home based Super Eagles of Nigeria on Thursday advanced top the final of the 2017 WAFU  Cup of Nations defeating  Benin 1-0 in Cape Coast in the…

Checkout Photos Of Nigerian Writer, Chimamanda Adichie’s Husband
Romance and Love
51 views
Romance and Love
51 views

Checkout Photos Of Nigerian Writer, Chimamanda Adichie’s Husband

Mabel - September 22, 2017

Photos of popular Nigerian writer, Chimamanda Adichie and her husband Dr. Ivara Esege have been celebrated on social media. The husband of the award-winning Nigerian writer, Chimamanda…

Ooni Of Ife All Smiles In New Photos As He Attends Event In Abuja
General
35 views
General
35 views

Ooni Of Ife All Smiles In New Photos As He Attends Event In Abuja

Mabel - September 22, 2017

The Ooni of Ife, is definitely in a delightful mood as he was photoed recently following reports of his estrangement to Wuraola Zynab Otiti some weeks back.…

9 Health Benefits Of Sour-Sop Fruit
Food and Health
49 views
Food and Health
49 views

9 Health Benefits Of Sour-Sop Fruit

Mabel - September 22, 2017

Sour-sop is a wonder-working fruit found in the tropical regions of the world. Around the world, it is known with different names such as Graviola, Brazilianawpaw, custard…

How PDP Can Return To Power In 2019
Politics
35 views
Politics
35 views

How PDP Can Return To Power In 2019

PH - September 22, 2017

A former Minister of Education, Prof. Tunde Adeniran, has predicted that the Peoples Democratic Party (PDP) would return to power in 2019. According to him, the party…

What Some Devils in APC are Doing to Frustrate President Buhari – Katsina Governor
Politics
43 views
Politics
43 views

What Some Devils in APC are Doing to Frustrate President Buhari – Katsina Governor

PH - September 22, 2017

The Governor of Katsina State, Aminu Bello Masari, has alleged that some “devils” have infiltrated the All Progressives Congress, APC, with the aim of “pitching the electorate…

What IPOB, Nnamdi Kanu Should Do About Proscription
Politics
31 views
Politics
31 views

What IPOB, Nnamdi Kanu Should Do About Proscription

PH - September 22, 2017

Vice President of the Nigerian Bar Association, NBA, Monday Ubani has called on the Indigenous People of Biafra, IPOB, to challenge its proscription in a competent court…

President Muhammadu Buhari Now In London
Politics
37 views
Politics
37 views

President Muhammadu Buhari Now In London

Mabel - September 22, 2017

Nigerian President who departed New York from the 72nd UN General Assembly for the United Kingdom has arrived safely, Femi Adesina, the Special Adviser on Media and Publicity…

What Oritsefemi’s Wife, Nabila Said About Her Mother-In-Law Is Thought-provoking
Entertainment
39 views
Entertainment
39 views

What Oritsefemi’s Wife, Nabila Said About Her Mother-In-Law Is Thought-provoking

MT - September 22, 2017

Nigerian singer Oritsefemi recently shared a photo of his mother and wife, Nabila, together, and their resemblance was is overwhelming. Nabila then reacted after re-sharing the photo via her…

Video: Watch Mayorkun Refuting Reports That His ‘Mama’ Song Was A Copy Of Davido’s ‘Fall’
Entertainment
33 views
Entertainment
33 views

Video: Watch Mayorkun Refuting Reports That His ‘Mama’ Song Was A Copy Of Davido’s ‘Fall’

MT - September 22, 2017

  DMW artiste Mayorkun has responded to claims that his hit song “Mama” was a copy of Davido’s hit song “Fall” with similar beats. According to him, people shouldn’t be fast to judge as they…

Actress Eniola Badmus Finally Forgives Davido’s Babymama: ‘Go And Sin No More…..’
Entertainment
42 views
Entertainment
42 views

Actress Eniola Badmus Finally Forgives Davido’s Babymama: ‘Go And Sin No More…..’

MT - September 22, 2017

  Eniola Badmus has finally forgiven Sophia Momodu, and this comes days after the mother of Davido’s daughter took to SnapChat to body-shame the actress. It all…

Peter Okoye Goes Solo? Read His Latest Tweet Here.
Entertainment
49 views
Entertainment
49 views

Peter Okoye Goes Solo? Read His Latest Tweet Here.

MT - September 22, 2017

  Amidst speculations that the PSquare twin brothers, Paul and Peter Okoye are fighting again, Peter has unveiled his solo Youtube channel. Peter Okoye announced on his…

Kemi Olunloyo Directly Shades Tonto Dike’s Estranged Husband Churchill – “You Can Hang Out With 2000 Women”
Entertainment
61 views
Entertainment
61 views

Kemi Olunloyo Directly Shades Tonto Dike’s Estranged Husband Churchill – “You Can Hang Out With 2000 Women”

MT - September 22, 2017

Miss Kemi Olunloyo in her pursuit for a no domestic violence society, addressed Tonto Dikeh’s ex husband Oladunni Churchill in a recent post on her IG. According…

Top 10 Nigerian Artistes That Have Lost Their Musical Touch, Do You Agree With The List?
Entertainment
48 views
Entertainment
48 views

Top 10 Nigerian Artistes That Have Lost Their Musical Touch, Do You Agree With The List?

MT - September 22, 2017

Undoubtedly the Nigerian music industry is west Africa’s biggest depot of young/old talented, creative, successful and wealthy musical artist that have taking the art of singing music…

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.
Entertainment
34 views
Entertainment
34 views

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.

MT - September 22, 2017

Triple MG boss, Ubi Franklin shared this Photos of his female staff, Nicole who was proposed to by a lady in his Abuja office. Her boyfriend sent…

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name
Politics
73 views
Politics
73 views

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name

MT - September 22, 2017

The mention or the defense of the name of the celebrated national leader of the APC, in the person of Asiwaju Bola Ahmed Tinubu, the Jagaban of…

Loading...