Top 10 banks that has the highest number of customers in Nigeria 2022

Read all about the banks with the highest number of customers in 2022.

There is no business without customers, and as such, these Nigerian banks rely heavily on getting new customers in other to keep their business running and turn over revenue yearly.

There are lots of banks in Nigeria, and these banks have managed to serve over 150 million Nigerians home and abroad.

But I guess you are curious and want to know which of these banks has the highest number of customers.

While it is difficult to know the exact number of customers that a bank has, unless they publish the figures themselves, we have managed to gather data online and come up with an estimate of the amount of customers that these banks serve.

In this post, I am going to be writing about the banks with the highest amount of customers in Nigeria 2022.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on access bank cardless withdrawal

Access bank

Access Bank today is the largest bank in Nigeria and Africa’s leading bank by customer base.   It is a full service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 36 million customers.

The Bank employs 28,000 thousand people in its operations in Nigeria, Sub Saharan Africa and the United Kingdom, with representative offices in China, Lebanon, India and the UAE.   It continues to look at opportunities to build its network in global trade and payment centres, helping Africa to play its part on the world stage.

Access bank has an estimated customer base of over 31 million.

Zenith bank

Zenith Bank Plc was established in May 1990, and commenced operations in July of the same year as a commercial bank. The Bank became a public limited company on June 17, 2004 and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004 following a highly successful Initial Public Offering (IPO).

Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital. In 2013, the Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE).

Zenith bank has an estimated customer base of over 30 million

GTbank (Guaranty Trust bank)

Guaranty Trust Bank Limited (GTBank) is a multinational financial institution that provides individuals, businesses, private and public institutions across Africa and the United Kingdom with a broad range of market-leading financial products and services.

Headquartered in Lagos, Nigeria and with subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Tanzania, Uganda, Sierra Leone and the United Kingdom, the Bank currently employs over 12,000 professionals and has Total assets and Shareholders’ Funds of ₦4.057trillion and ₦661.1Billion respectively.

GTbank has an estimated customer base of over 25 million.

United bank of Africa (UBA)

UBA was formed on February 23, 1961, to take over BFB’s operations. In 1970, UBA became the first Nigerian bank to list its shares on the Nigerian Stock Exchange, becoming the first Nigerian bank to do so (IPO).

In 2007, UBA completed another successful joint public offering rights issue and acquired three liquidated banks: City Express Bank, Metropolitan Bank, and African Express Bank.

Afrinvest UK was also bought by the bank, which was renamed UBA Capital, UK. In 2008, UBA stepped up its efforts to develop a strong local and African brand by acquiring two more liquidated banks, Gulf Bank and Liberty Bank.

UBA has an estimated customer base of over 21 million.

First bank Nigeria

First Bank of Nigeria Limited (“FirstBank”), established in 1894, is the premier Bank in West Africa, Nigeria’s number one bank brand and the leading financial services solutions provider in Nigeria.

The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. With its head office originally in Liverpool, the Bank commenced business on a modest scale in Lagos, Nigeria under the name, Bank of British West Africa (BBWA).

First bank has an estimated customer base of over 12 million.

First city monument bank (FCMB)

Read my post on the best banks in Nigeria

First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.

Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of their customers.

FCMB has an estimated customer base of 9.4 million.

Ecobank

Ecobank is committed to economic development across sub-Sahara Africa. In October 1985 the first Ecobank affiliate opened in Togo.

Despite the political upheaval of the 1980’s in Africa, and against all odds, the Ecobank Group opened branches in five African countries in 1988. From 1997 to 2001 the group’s coverage increased from five to twelve countries.

Today, the Ecobank Group is a world-class institution and a torchbearer for Africa. With a presence in 35 sub-Sahara African countries, the Ecobank brand is synonymous with banking in Africa.

Ecobank has an estimated customer base of 8.4 million.

Fidelity bank

Quoted on the Nigerian Stock Exchange (NSE), Fidelity Bank Plc began operations in 1988 as a Merchant Bank. In 1999, it converted to Commercial Banking and then became a Universal Bank in February 2001. The current enlarged Fidelity Bank is a result of the merger with the former FSB International Bank Plc and Manny Bank Plc in 2005.

Fidelity bank has an estimated customer base of 6.5 million.

Stanbic IBTC

Stanbic IBTC Holdings PLC was formed by the merger of Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc.

In 2007, a holding company structure was adopted, followed by a divestment from non-core banking financial services in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, which required banks to either divest from non-core banking financial services or adopt a holding company structure.

Stanbic IBTC has an estimated customer base of over 2.4 million.

Sterling bank

Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry.

Sterling bank has an estimated customer base of over 2 million.

Conclusion

Thank you for reading my post on the Top 10 banks that has the highest number of customers in Nigeria 2022. I hope I have helped you on this particular topic. If you still have questions or maybe you want to add something, the comments section is open to use.

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