2022: Zenith, Entry Banks lead with highest account upkeep income in first quarter 

Zenith Financial institution is comfortably in first place after producing N9.27 billion from account upkeep within the first quarter of 2022, in comparison with N7.88 billion within the third quarter of 2021.

This quantity represents 25.7 per cent of the whole revenue made by the 12 banks working within the nation.

Equally, the tier-1 big printed a year-on-year 9.7 per cent improve in its revenue after tax to N58.19 billion in comparison with N53.06 billion recorded within the corresponding interval of 2021.

Entry Financial institution, the most important monetary establishment within the nation by buyer base and complete asset worth, with a complete asset of N12.08 trillion, got here second recording a 16.2 per cent year-on-year improve in its account upkeep revenue within the first quarter of 2022 to face at N6.04 billion from N5.2 billion.

In a similar way, the newly restructured financial institution grew its revenue after tax to N57.39 billion from final 12 months’s determine of N52.55 billion, representing a 9.2 per cent year-on-year improve.

GT Financial institution generated a sum of N5.17 billion from account upkeep revenue between January and March 2022. This represents a 23.8 per cent improve in comparison with N4.18 billion recorded within the corresponding interval of 2021.

Nonetheless, its internet revenue dropped by 5.1 per cent in comparison with N45.55 billion recorded as of the identical interval within the earlier 12 months to face at N43.21 billion.

First Financial institution of Nigeria noticed its account upkeep revenue improve marginally by 2.2 per cent from N4.05 billion generated within the first quarter of 2021 to N4.14 billion in the identical interval of 2022. It accounted for 11.5 per cent of the whole account upkeep revenue of the business.

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