Guaranty Trust Holding Company (GTCO), Zenith Bank and five other banks lost their revenue market share in the financial industry in the First Half (H1) of 2022, amid competition from Wema Bank and Access Holdings.
Prime Business Africa analysed the financial statements of 13 Nigerian commercial banks in the first six months of this year, with the lenders posting a total of N3.14 trillion, which is 22.6% growth above the N2.56 trillion generated in H1 2021.
Nigerian banks with highest market share by revenue
Nigerian banks with lowest market share by revenue
Access Bank
Wema Bank
Fidelity Bank
FBN Holdings
Stanbic IBTC
Findings showed that despite their revenue growing during the period in review, Zenith Bank, GTCO, Ecobank, Sterling Bank, Union Bank, United Bank for Africa (UBA), and Unity Bank lost part of their market share.
Zenith Bank
GTCO
Ecobank
Union Bank
Sterling Bank
UBA
Unity Bank
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