Following their expansion in Nigeria and other parts of the globe, a total of nine Deposit Money Banks (DMBs) declared N186.3 trillion total assets in 2024, data collected by THISDAY from their audited results and accounts revealed.
The reported N186.3 trillion total assets in 2024 represents an increase of 53 per cent from the N121.37 trillion declared in 2023.
Ecobank Transnational Incorporated (ETI), followed by Access Holdings Plc, and United Bank for Africa Plc (UBA), led the chart with the largest total assets in the 2024 financial year.
Other DMBs investigated by THISDAY are: Zenith Bank Plc, FCMB Group Plc, Guaranty Trust Holding Company Plc (GTCO), Fidelity Bank Plc, Wema Bank Plc, and Stanbic IBTC Holdings Plc.
In the period under review, ETI declared N43.3 trillion total assets in 2024, about 67per cent increase over the N25.9 trillion declared in 2023, while Access Holdings Plc announced N41.5 trillion total assets in 2024, representing an increase of 55.5 per cent when compared to the N26.7 trillion declared in 2023.
In addition to the top three DMBs, UBA’s total assets hit N30.3 trillion in 2024, a growth of 46.8 per cent from the N20.65 trillion posted in 2023.