Recent financial data from Nigerian banks’ 2024 Fiscal Year reports reveals a clear leader in terms of customer deposits, with Access Bank topping the list with an impressive ₦22.52 trillion. This figure positions Access Bank significantly ahead of its competitors in terms of the total amount of money held in customer accounts.

Following Access Bank, First Bank and Zenith Bank are in close competition for the second and third positions, reporting customer deposits of ₦17.18 trillion and ₦17.16 trillion respectively. This tight race highlights the strong customer base and financial standing of both institutions within the Nigerian banking landscape.

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United Bank for Africa (UBA) also demonstrates a robust performance, securing the fourth position with ₦11.83 trillion in customer deposits. Guaranty Trust Bank (GTBank) rounds out the top five with ₦9.90 trillion in customer deposits, maintaining its strong presence in the sector.

Further down the list, Fidelity Bank holds the sixth position with ₦5.66 trillion in customer deposits, followed by FCMB with ₦4.33 trillion. Stanbic IBTC reports ₦3.03 trillion, while Wema Bank concludes the list with ₦2.52 trillion in customer deposits.
This ranking of Nigerian banks based on customer deposits provides valuable insights into the market share and customer trust commanded by each institution.

Access Bank’s leading position underscores its significant growth and customer acquisition strategies in the Nigerian financial sector.

The data, sourced from the banks’ official 2024 Fiscal Year reports, offers a snapshot of the current financial standing and customer base of these key players in Nigeria’s economy.