Quote from Ndubuisi Ekekwe on July 6, 2021, 12:32 PM

These are the leading banks now in Nigeria: Zenith Bank; GT Bank; Access Bank; FBN Holdings; UBA, and Stanbic IBTC, Coronation Asset Management reports.

Coronation Asset Management has released its report on Nigerian Banks “Nigerian Banks, Resilience Built In”. The report shows that Nigerian banks’ earnings have been remarkably resilient over the interest rate cycle, their profitability is improving over time. and their stock values are remarkably cheap compared to Ghanaian and Kenyan bank stocks. The Coronation Asset Management 2021 Bank Report is a unique 10-year study of the margins and profitability of six listed banks:  Zenith Bank; GT Bank; Access Bank; FBN Holdings; UBA, and Stanbic IBTC.  These banks have adapted successfully to many changes in interest rates over the 10 years from 2010 to 2020. Therefore, they are well-positioned for the rise in rates in 2021.