The banking sector has undergone several travails within the past one year, not least of which includes the loss of public sector funds due to the creation of the Treasury Single Account (TSA), which meant that several of the public sector accounts with commercial banks had to be shut down. Despite this, commercial banks still have some reason to be satisfied with their overall performance with regard to deposit base.

First Bank of Nigeria Holdings continue to hold the number one spot with a decline of 2.6% to record a N2.97 trillion deposit base as at 2015 ending. Fidelity Bank also moved up a place to 8th while Skye bank, although 9th suffered the highest drop in deposit base of 21%.

Below is a full list of the top ten banks, their deposit base and percentage decline over the past year

Position Last year Position Bank Deposit base % change
1st 1st First Bank of Nigeria Holdings N2.97 trillion -2.6
2nd 2nd Zenith bank N2.56 trillion 0.0
3rd 3rd United Bank for Africa N2.08 trillion -4.1
4th 6th Access Bank N1.68 trillion 15.7
5th 4th Guaranty Trust Bank N1.61 trillion 0.0
6th 5th Diamond Bank N1.23 trillion -17.4
7th 7th Ecobank Nigeria N1.22 trillion -2.7
8th 9th Fidelity Bank N770 billion -6.1
9th 8th Skye Bank N753 billion -21.0
10th 10th FCMB Group N700 billion -4.6


Parts of this article originally appeared in Independent Newspapers

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