First Bank PLC has been displaced from the top position as Nigeria’s largest financial institution.
Latest data showed that Zenith Bank Nigeria PLC has overtaken the financial institution with a total asset base of N4.9trillion as against FBN Holdings’ asset base valued at N4.8 trillion.
Zenith Bank PLC as seen in the table below displaced First Bank PLC with a slight margin and it is expected that either of both banks might take the lead after they disclose their financials for the third quarter of the year.
Ecobank on the other hand, registered as Eco Transnational Incorporated, ETI, is according to the data the largest financial services group in West Africa although not in Nigeria.
Ecobank’s status is however influenced based on the aggregates of all it’s assets in all pan-African countries.
