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