Top Largest Banks in Nigeria

1. Access Bank, 2. Zenith Bank, 3. FBN Holdings, 4. United Bank For Africa, 5. Guaranty Trust Holding Company Plc, 6. Fidelity Bank, 7. Stanbic IBTC, 8. Union Bank, 9. Sterling Bank, 10. Polaris Bank. Nigeria is one of the largest economies in Africa, and the banking sector in Nigeria is a critical part of the country's economy, contributing significantly to economic growth, employment, and financial inclusion. Over the years, the banking sector in Nigeria has grown tremendously, with many banks expanding their operations across the country. This growth has been driven by the country's expanding economy and promising prospects, which have attracted both local and international investors. In this article, we will take a look at some of the biggest banks in Nigeria.

  1. Access Bank
  2. Zenith Bank
  3. FBN Holdings
  4. United Bank For Africa
  5. Guaranty Trust Holding Company Plc
  6. Fidelity Bank
  7. Stanbic IBTC
  8. Union Bank
  9. Sterling Bank
  10. Polaris Bank

Access Bank

Access Bank is one of the leading banks in Nigeria. Over the years, it has transformed into a multinational financial institution with operations in various countries across the globe. The bank has a reputation for delivering exceptional banking services to individuals and businesses, making it one of the most respected banks in Nigeria.

Access Bank provides a wide range of banking services, including corporate banking, personal banking, investment banking, and transaction banking. It offers innovative solutions to the banking needs of its clients, leveraging on technology to offer convenient and secure banking services. The bank is known for its robust and reliable electronic banking channels that provide round-the-clock access to its clients, enabling them to conduct banking transactions from anywhere in the world.

In recent years, Access Bank has gained recognition for its commitment to sustainability, innovation, and social responsibility. The bank has been at the forefront of promoting sustainable banking practices in Nigeria, and it has implemented various initiatives aimed at promoting financial inclusion, environmental sustainability, and social responsibility.

Founded: 1989

Headquarters: Lagos, Nigeria


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Video by Access Corporation

Zenith Bank

Zenith Bank is a Nigerian multinational financial services provider that offers a wide range of banking and financial products and services. It was established in 1990 and has since grown to become one of the most reputable banks in Nigeria and a major player in the African financial market. The bank is recognized for its excellent corporate governance practices, high-quality services, and innovative banking solutions.

Over the years, Zenith Bank has invested heavily in technology to ensure that its customers enjoy convenient, efficient, and secure banking services. The bank has a robust online and mobile banking platform that allows customers to perform a wide range of transactions such as funds transfer, bill payments, and account balance inquiries.

Zenith Bank offers savings and current accounts, investment accounts, loans, credit cards and other banking services. It also provides tailored financial solutions for businesses in corporate and institutional banking. In addition to its banking services, the bank is committed to corporate social responsibility by supporting community development initiatives, education, youth empowerment and environmental sustainability efforts. Zenith Bank is a customer-centric financial institution that has earned the trust of millions in Nigeria and beyond.

Founded: 1990


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Video by Zenith Bank PLC

FBN Holdings

FBN Holdings is a Nigerian financial services holding company that operates subsidiaries such as FirstBank of Nigeria, FBNQuest Merchant Bank, and FBNQuest Capital. The company’s primary areas of focus include commercial and investment banking, asset management, insurance, and other financial services.

One of FBN Holdings’ largest subsidiaries, FirstBank of Nigeria, holds a prominent position in the Nigerian banking industry, providing retail, commercial, and corporate banking services to individuals and businesses in Nigeria and other African countries. FBNQuest Merchant Bank and FBNQuest Capital provide excellent services in corporate finance and asset management on the African continent.

Under the leadership of its capable management team, FBN Holdings has successfully navigated the challenging economic and financial conditions prevailing in Nigeria, and continues to be a leading player in the country’s financial services industry. The company’s strategic focus on innovation, digital banking, and customer-centricity has enabled it to remain competitive and relevant in today’s ever-evolving marketplace.

Founded: 1894


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United Bank For Africa

United Bank for Africa (UBA) is considered one of the largest financial institutions in Africa, with operations across 20 African countries, as well as in Europe, the United States, and Asia. Over the years, UBA has become one of the most reputable and reliable banks in Africa, thanks to its excellent customer service, innovative financial products, and cutting-edge digital banking technology.

UBA provides various banking services, including Retail Banking, Corporate Banking, Investment Banking, Asset Management, and Treasury and Cash Management. Its retail banking division caters to individuals and small businesses, featuring personal loans, mortgages, savings and checking accounts, and digital banking services. UBA’s corporate banking division, meanwhile, serves large corporations, multinationals, and government institutions, offering customized financial solutions that address their unique needs.

UBA offers a range of digital banking solutions, such as mobile banking, online banking, and virtual banking. The bank also provides personalized banking and financial advice to help customers achieve their goals. In addition, UBA partners with organizations and charities to support education, healthcare, and other causes, aiming to improve the quality of life for people across Africa.

Founded: 1948


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Guaranty Trust Holding Company Plc

Guaranty Trust Holding Company is a banking and financial services holding company with operations in Nigeria and other African countries. The company offers a wide range of corporate, commercial, and retail banking services, as well as wealth management, investment banking, and insurance services.

GT Holding Company is the parent company of Guaranty Trust Bank, one of the leading banks in Nigeria. The bank has a well-established reputation for providing innovative financial solutions to customers and has received numerous awards over the years for its outstanding performance and leadership in the Nigerian banking industry. In addition to Guaranty Trust Bank, the holding company also owns other subsidiaries, such as GTHomes, GTSwift, and Guaranty Trust Assurance, which offer various financial products and services to customers.

The company has a strong corporate governance framework, and it is committed to delivering value to its shareholders by prioritizing profitability, sustainability, and social responsibility. GT Holding Company is also focused on expanding its operations in Nigeria and other African countries, with a view to becoming a leading regional financial institution.


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Fidelity Bank

Fidelity Bank is a commercial bank in Nigeria. The bank prides itself on being a customer-focused institution that is committed to delivering superior financial services and products to its customers. Fidelity Bank operates over 250 branches and over 770 ATMs across the country.

Fidelity Bank has a range of innovative financial products and services that cater to the needs of individual customers, small and medium-sized enterprises (SMEs), and large corporations. The bank offers a variety of savings and current account options that provide customers with easy access to their funds and competitive interest rates. Fidelity Bank is also a leader in digital banking, with a range of digital products and services that allow customers to conduct transactions seamlessly from the comfort of their homes or offices. The bank has a mobile banking app that provides customers with access to their accounts, and they can carry out transactions such as balance inquiries, fund transfers, and bill payments.

The bank has won several awards for innovation and excellence in banking, including the Best Digital Bank in Nigeria award in 2020. Fidelity Bank is also committed to social responsibility and has supported several initiatives aimed at improving education, healthcare, and community development in Nigeria.

Founded: 1988


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Stanbic IBTC

Stanbic IBTC is a Nigerian financial institution that offers a wide range of financial services to its clients, including commercial and investment banking, asset management, pension management, and insurance services. The company is a subsidiary of Standard Bank Group, one of Africa’s largest financial services companies.

Stanbic IBTC has a strong reputation for providing innovative and customer-focused solutions, making it a trusted partner for individuals, businesses, and institutions in Nigeria. The company has a large network of branches and ATMs across the country, making access to its services convenient for its clients. Additionally, the company has invested heavily in technology to enhance its service delivery, making it easy for clients to access their accounts and execute transactions seamlessly.

One area where Stanbic IBTC has made significant contributions is in promoting financial literacy and inclusion in Nigeria. Through its various corporate social responsibility initiatives, the company has provided financial education and support to individuals and businesses, helping them to improve their financial wellbeing. Furthermore, Stanbic IBTC is committed to sustainability and responsible business practices. The company has implemented various environmental and social initiatives aimed at reducing its carbon footprint and promoting sustainable development in its operations.


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Union Bank

Union Bank Nigeria is one of the leading banking institutions in the country, providing a wide range of innovative financial products and services to its customers. Since its establishment in 1917, the bank has been committed to helping Nigerians achieve their financial goals by providing excellent services such as savings and current accounts, loans, investments, and online banking.

One of the bank’s main objectives is to provide efficient and effective banking services to customers, and it is continually working towards achieving this by investing in technology and innovations. Union Bank Nigeria has several branches all over the country and has made banking easy for Nigerians with various electronic banking channels such as mobile banking, internet banking, and USSD banking, enabling customers to carry out transactions anytime and anywhere.

Besides providing banking services, the bank is also committed to social responsibility, having its Corporate Social Responsibility (CSR) activities, which focuses on initiatives that improve education, health, and the environment. The bank also takes its role in the development of the Nigerian economy seriously, and as such, it has supported various industries across the country.

Founded: 1917


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Sterling Bank

Sterling Bank is a financial institution in Nigeria that provides various banking and financial services to individuals, small businesses, and corporate entities. It was founded in 1960 as Nigerian Acceptances Limited and later converted to a commercial bank in 1969. Over the years, Sterling Bank has grown to become a major player in the Nigerian banking industry with over 150 branches across the country.

One of the unique features of Sterling Bank is its commitment to innovation and technology. The bank has invested heavily in modern technology to provide its customers with convenient and secure banking services. It was the first Nigerian bank to introduce internet banking and mobile banking services, enabling customers to conduct transactions securely from their devices. Sterling Bank offers various financial products and services, including savings accounts, current accounts, loans, insurance, and investment services. The bank has developed specialized services for specific customer segments, such as the Sterling Plus account for high net worth individuals and the Sterling Diaspora account for Nigerians living abroad.

The bank has received several accolades for its innovative services, including the “Best Digital Bank in Nigeria” award at the 2018 Asia Money awards. Sterling Bank has also undertaken several corporate social responsibility initiatives, such as the Sterling Environmental Makeover (STEM) program, which seeks to enhance environmental sustainability in Nigeria.

Founded: 1960


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Polaris Bank

Polaris Bank Limited, a highly regarded commercial banking institution in Nigeria, is known for its innovative approach to providing financial solutions and services to customers across the country. Established in September 2018, the bank emerged after the Central Bank of Nigeria (CBN) revoked the license of the then Skye Bank Plc due to its inability to maintain robust capital adequacy. The CBN was able to stabilize the bank by handing it over to the state-owned Asset Management Corporation of Nigeria (AMCON), which rebranded it as Polaris Bank Limited.

Since its inception, Polaris Bank has maintained a strong presence in the Nigerian banking industry, operating through an extensive network of over 350 branches and numerous ATMs. The bank caters to customers from various sectors, including individual account holders, small and medium-sized enterprises, and large corporations. Offering a diverse range of financial products and services, Polaris Bank ensures that its clientele’s needs are met, such as savings and current accounts, personal and corporate loans, trade financing, and a wide array of digital banking solutions.

One remarkable attribute of Polaris Bank is its commitment to leveraging technology to improve financial services. The bank has made significant investments in state-of-the-art technology infrastructure to deliver numerous banking channels, including internet banking, mobile banking, and USSD platforms. This continuous drive for innovation enables its customers to experience seamless and efficient transactions, providing them with the utmost convenience in managing their finances.

Founded: 2018


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