Access Bank Plc has earned a spot as the largest bank in Nigeria by total assets in the first half of 2023, according to BusinessDay.
The tier-one banks surveyed recorded an aggregate total asset value of N74.95 trillion in the first half of 2023, a 57.7 percent increase from N47.54 trillion in 2022. Their collective liabilities amounted to N67.15 trillion from N42.66 trillion recorded in the same period of 2022.
Access Bank’s total assets stood at N20.85 trillion at the end of June, representing a 30 percent share of the total assets of the tier-one banks surveyed.
Guaranty Trust Bank Plc recorded a total assets of N8.51 trillion in the period under review.
Access Bank
Access Bank’s total assets rose to N20.48 trillion in the first half of 2023, up 55.2 percent from N13.2 trillion recorded in the same period of 2022.
The bank’s total liabilities amounted to N19.12 trillion in the period under review from N12.13 trillion recorded in 2022.
Access Bank’s total equity stood at N1.73 trillion in the first half of 2023 from N1.07 trillion in 2022.
The holding company recorded total liabilities which stood at N7.31 trillion from N4.84 trillion in the period reviewed.
Total equity amounted to N1.20 trillion in December 2022 from N0.85 trillion recorded in 2022.
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos, Nigeria.
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