The banking industry in Nigeria has come a long way, since the days when the only Nigerian bank was the Central Bank of Nigeria. In the last decade, the Nigerian banking sector has witnessed tremendous growth with the number of banks increasing from 8 in 2002 to 25 in 2012.
This growth is attributable to several factors such as the increasing population of Nigeria, the growing economy, and the increasing use of technology. Banks in Nigeria are now able to offer a wide range of products and services to their customers.
In this article, you will learn about the top banks in Nigeria based on customer base and satisfaction.
10) FIRST CITY MONUMENT BANK(FCMB)
The First City Monument Bank (FCMB) is the leading bank of the First City Group, one of the main monetary organizations in Nigeria. They had resources of around ₦614.2 billion (US$3.7 billion) as of May 25, 2014. The bank is client arranged and they treat their clients as accomplices in the works, making them truly outstanding in client care.
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9) STERLING BANK
Sterling Bank Plc is a full-help public business bank. It has resources of around ₦707 billion (US$4.61 billion) in December 2012 and offers an extensive variety of banking administrations to people, organizations, government organizations, and non-benefit associations. It is among the best in Nigeria to be sure. However, the bank is newly contrasted and the more seasoned New age banks, it is as yet ready to contend no holds barred, with considerably a lot more seasoned ones as far as fame because of top class client support.
8) FIDELITY BANK
Laid out in 1988, the Fidelity Bank of Nigeria has resources of around ₦1.043 trillion (US$6.4 billion) as of March 31, 2014, and client stores of over ₦752.2 billion. Besides being perhaps the most extravagant bank in Nigeria today, Fidelity Bank is likewise among the best as far as client support.
The bank had been around for a surprisingly long period of time. They’ve flourished notwithstanding the monetary misfortunes that had raised a ruckus around the town banking industry before. Fidelity Bank has a few projects that depend on downright full consumer loyalty.
7) UNION BANK
Union Bank of Nigeria was founded in 1917. It has resources of around ₦1.049 trillion (US$6.784 billion) starting around 2014 and is one of the main monetary establishments in sub-Saharan Africa. It has in excess of 405 branches across country. This shows that the bank is one of the most seasoned in the Nigerian financial industry.
Notwithstanding being among the most established, they’re also, one of the best. It is by sheer difficult work and spotlight on a financial incredible skill that had seen the bank up to this state and empowered them to stand firm all through the choppiness of times past.
They have probably the best client administrations in the Nigerian financial industry and they are additionally ready to continuously get together with clients’ assumptions.
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6) ECOBANK
The bank is among the absolute first arrangements of new age banks to be laid out in Nigeria. Laid out in 1986, Ecobank is a business bank. It is an auxiliary of Ecobank Transnational Inc., a leading pan-African financial group with an excess of 1,150 branches all over Africa.
As of December 2011, Ecobank Nigeria controlled absolute resources esteemed over N1.32 trillion (US$8.1 billion), making it one of the five biggest banks in Nigeria. It very well might be fresher than numerous different banks, however, it had effectively overwhelmed so many of them and has turned into an easily recognized name in the Nigerian financial industry. It is one of the 25 banks affirmed by the Central Bank of Nigeria.
5. POLARIS BANK
Polaris Bank was established on September 21, 2018, as a commercial bank in Nigeria. The defunct Skye bank was acquired by new shareholders, hence, the change of its name from Skye bank to Polaris bank. Polaris bank is not only based in Nigeria but has several subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola, and Equatorial Guinea. For a lot of commercial business owners, Polaris Bank has earned its place as one of the most preferred banks.
4) ACCESS BANK
To say the reality, Access bank is quite possibly one of the best banks in Nigeria with top-class client assistance. The financial lobby is continuously inviting and the financial cycles are consistent. Their staff individuals too consistently welcome clients with grins and they are generally prepared to furnish the expected financial administrations with excitement. Settled in Lagos, Access Bank has resources of around ₦1.9 trillion as of March 31, 2014. The bank has in excess of 300 branches all over the country to the other. Access Bank was established in 1989. Throughout the long term, it has changed from a dark Nigerian bank into a top-notch African monetary establishment.
3) GUARANTY TRUST BANK(GTB)
Guaranty Trust Bank (GTB) is quite possibly one of the greatest banks in Nigeria. They have branches in practically every one of the nearby legislatures in Nigeria today. They have been exceptional for a long period through the arrangement of client-designated administrations like none other.
The bank has resources worth ₦2.102 trillion starting around 2013. It has investor assets of more than ₦200 billion. The bank utilizes in excess of 3,500 individuals and works through an organization of around 200 workplaces in Nigeria. Insurance Trust’s bank and non-bank auxiliaries are spread across Anglophone West Africa and the UK. There are likewise designs in progress to stretch out their administrations to a few different nations in Africa and different land masses.
2) FIRST BANK
Established in 1894, FBN’s absolute resources are esteemed at ₦3.172 trillion (US$19.5 billion) as of March 31, 2014. . The bank’s logo has been a public image for a long time. First Bank was evaluated as a Superbrand in 2007, from a pool of 2,000 profoundly reviewed brands in Nigeria, by the Superbrand Nigeria Council. The bank has shown how it can be really Big Strong and Reliable.
Their client support is among the best in the Nigerian financial industry. The bank is ready to serve the client through pertinent and imaginative financial administrations. First Bank is additionally a global management account with its central command in Nigeria.
1) ZENITH BANK
Zenith Bank stands a head taller than other Nigerian banks as far as top-class client administrations. The bank stands out in practically every viewpoint. With complete resources of ₦3.189 trillion (US$19.6 billion) as of March 31, 2014, Zenith Bank is the most extravagant bank in Nigeria. Established in 1990, this bank has client stores of ₦2.288 trillion. Settled in Victoria Island, Lagos, this bank utilizes in excess of 3,900 individuals. It turned into a public restricted organization in July 2004.
These banks are mostly used due to their good customer service and how well they manage customer finances. They are the best in the federation and they live up to their reputation.
