Nigeria’s top 11 banks according to CRR deposited with CBN in the past 1 year

The banking system is a cycle of sorts, with deposits and withdrawals being made by customers. However, there is the extra factor of the banks’ lending depositors’ funds to other people in form of loans. If left unchecked, banks, who use these loans as an avenue of making money for themselves, could excessively loan out funds until their ability to meet withdrawal demands are jeopardized. It is to curb this that the CBN sets the Cash Reserve Ratio (CRR).

Cash reserve Ratio (CRR) is the amount of funds that commercial banks have to hold as reserves either in cash or as deposits with the CBN. The higher, the CRR, the less money commercial banks have with them for lending purposes. The CBN also uses this benchmark to control the amount of money in circulation. With CRR increased to 22.5% from 20% last year, Nigeria’s 11 Tier-1 and Tier-2 banks have deposited the following sums over the past 1 year with the CBN according to Leadership


  1. FBN Holdings                  N542 billion
  2. Zenith Bank                      N447.5 billion
  3. United Bank for Africa   N321 billion
  4. Access Bank                      N250.8 billion
  5. Diamond Bank                 N204 billion
  6. Fidelity Bank                    N170 billion
  7. FCMB Group                    N139 billion
  8. Sterling Bank                    N94.48 billion
  9. Stanbic IBTC Holdings   N88.77 billion
  10. Wema Bank                       N48.16 billion
  11. Unity Bank                        N40.37 billion
Chacha Wabara

Chacha Wabara is a legal practitioner, blogger and fitness coach. She has over 5 years experience in blogging and freelance writing. She has written several articles and research work over the years as a freelance contributor. She joins Nairametrics as Our News and Analysis Lead.

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