Best And Worst Performing Banks Of 2018

Spread the love
0
(0)

The year 2018 has been very challenging and equally
eventful for the Nigerian banking sector. Skye Bank morphed into
Polaris Bank, while Access Bank and Diamond Bank are fixing the
bolts and nuts of the biggest banking deal of 2018.

The banking sector, which controlled trillions of naira in
market value and transactional strength in 2018, also had a
bleeding year, as many of the listed entities had massive declines
in share price and market capitalisation.

The biggest bank in Nigeria, by market cap, for 2018 is Guaranty
Trust Bank (GTB), with a year-end market cap of over N1 trillion at
the Nigerian Stock Exchange (NSE).

Unity Bank had the smallest market cap by the end of the year,
but had a drastic increase in market value, with a 109.8 percent
increase in share price, to lead the pack as the best
performing bank at the exchange for 2018.

Access Bank, on its way to becoming Nigeria’s largest bank, come
2019, had the worst year, in terms of market value, shedding 35.05
percent of its share price in 365 days.

Since the Herbert Wigwe-led bank made the move to acquire
Diamond Bank, the latter has gained more than 45 percent in market
value, becoming the bride of the Nigerian bourse.

HERE ARE THE BEST AND WORST PERFORMING BANKS OF 2018

Rank Bank Share price (N) 2018 Share price gain/loss (%) Market Cap (N’billion)
1 Unity Bank 1.07 +109.8 12.51
2 Sterling Bank 1.90 +75.93 54.70
3 Diamond Bank 2.18 +45.33 50.49
4 First City Monument Bank 1.89 +28.57 37.43
5 Wema Bank 0.63 +26.00 24.30
6 Stanbic IBTC 47.95 +17.38 491.04
7 Ecobank 14.00 -9.20 337.40
8 Zenith Bank 23.05 -10.10 722.12
9 First Bank of Nigeria Holdings 7.80 -11.36 285.37
10 Guaranty Trust Bank (GTB) 34.45 -15.46 1,001
11 Fidelity Bank 2.03 -17.48 58.82
12 Jaiz Bank 0.50 -20.63 14.73
13 United Bank for Africa (UBA) 7.70 -25.73 263.38
14 Union Bank of Nigeria 5.60 -28.21 231.03
15  Access Bank 6.80 -35.05 196.71

 

The ranking above is basically driven by market forces and share
value, it does not directly take into account corporate
governance issues, non-performing loans (NPLs), and other
management factors.

image

By market cap, the leading banks for 2018 are GTB, Zenith Bank,
Stanbic IBTC, Ecobank and First Bank of Nigeria.

Banks not listed on the Nigerian Stock Exchange (NSE), such as
Keystone Bank, were not taken into consideration while compiling
this list.

Culled from Thecable

Subscribe to Thenigerialawyer News!

Read more

BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING

PRETTY GIRL PHOTO NIGERIAN SINGLES FREE DATING


DROPS.NG DROPS ALL ABOUT CARS TAXIS TRUCKS & MORE
powered by dotifi.com  start an online business free selling domains hosting websites apps advertising business accounting solutions and more CONTACT US NOW NIGERIAS FIRST CAR SEARCH ENGINE BUY SELL CARS ONLINE ANYWHERE IN THE WORLD CALL SMS WHATSAPP 234 806 495 0565 POWERED BY DROPS.NG RINGROAD CAR BOOKING & DOTWAKA.COM SHIPPING & WWW.AIR.I.NG OJO OJO O ! NIGERIAS FIRST SEARCH ENGINE
FOR ADVERT CALL WHATSAPP 234 806 495 0565 !
EMAIL abi@dotifi.com
100% Natural Herbs to Finally End Premature Ejaculation and Weak Erection. Click here .
Latest Jobs in Nigeria (Graduates/Non-graduates). Click Here to Apply .
Facebook Comments Box

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Leave a Reply

Your email address will not be published.