The said banks had reported N3.99trillion
shareholders’ funds in the previous year, an
increase of 11.7 per cent or N471 billion. The
banks include Zenith Bank Plc, a Tier-1
commercial bank with the highest shareholders’
funds in the banking industry. It was followed by
First Bank Holdings Plc and Eco Transnational
Incorporated Plc.
LEADERSIP investigations showed that most of
the Tier-1 banks shareholders’ funds crossed the
N300 billion mark while Union Bank of Nigeria
and Diamond bank Plc, two Tier-2 with
shareholders’ funds crossed the N200 billion
threshold.
The breakdown also revealed that Zenith Bank’s
shareholders’ funds rose by 18.5 per cent to
N704 billion in 2016 from N594.35 billion in 2015
while FBN…
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