The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022.
According to the 2022 Nine-Month period financial statements of the firms analysed by Prime Business Africa, it was gathered that the top five’s revenue rose by 21.06 per cent when compared to the N1.84 trillion generated in the same period in 2021.
Access Bank, Ecobank, Zenith Bank, First Bank of Nigeria (FBN) Holdings, and United Bank for Africa (UBA) are the top five revenue-generating banks.
Access Bank
During the period in review, Access Bank maintained its lead in the financial industry, accounting for 18.83 per cent of the sector’s revenue share.
Ecobank
Ecobank made the list, taking second place with N503.63 billion in revenue generated within the first and third quarters of last year.
Zenith Bank
Zenith Bank closed the first nine months of 2022 with a 17.13 per cent year-on-year rise in its revenue, to grab the third spot on the list of the five highest revenue-generating banks.
UBA
The N372.04 billion revenue UBA generated between January to September 2022 handed the company the fourth spot on the list.
FBN Holdings
First Bank completed the top five list with the N361.90 billion revenue generated between the first and third quarters of 2022.
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