Business

Four Nigerian banks are among this year’s most valuable financial institutions in the world

Four banks from Nigeria have been selected among the 500 most valuable banks in Nigeria.

First Bank, Zenith Bank, UBA and GTBank were chosen as part of the strongest banking brands in the world. The Brand Finance Banking 500 ranking in 2019 was published in The Banker magazine recently.

ICBC, a Chinese multinational banking company held the top spot as the most valuable banking brand in 2019 with $79.8 billion. Apart from ICBC (Industrial and Commercial Bank of China Limited), China’s banks dominate the top four spots of the global ranking.

In Africa, South Africa’s First National Bank is the continent’s most valuable and strong banking brand.

The four most valuable banking brands in Nigeria:

  1. Zenith Bank: 2019 ranking – 391
  2. United Bank for Africa (UBA): 2019 ranking – 399
  3. First Bank Of Nigeria PLC: 2019 ranking – 417
  4. Guaranty Trust Bank Plc: 2019 ranking – 474
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