Top 13 Nigerian banks listed among top 1,000 in the world in latest survey by The Banker

13 Nigerian banks have been named among the world's top 100 lenders in the latest survey of global banking institutions published by the London-based The Bankers magazine owned by The Financial Times.   In its 2014 review of global banks, The Banker said the  number of local banks that made the ranking, underlines Nigeria’s number one position in Africa, as no other African country has up to 13financial institutions in the world's top 1,000. Of the 25 top banks in Africa, eight were Nigerian.   Kunle Ogedengbe, The Banker's Nigerian country representative, said the 13 banks were graded as Tier One capital banks.  He named them as Zenith Bank, Guaranty Trust Bank (GTB), First Bank, Access Bank, United Bank for Africa, Fidelity Bank and Ecobank Nigeria, Skye Bank, First City Monument Bank, Diamond Bank, Stanbic IBTC Holdings, Standard Chartered Bank and Union Bank.   Zenith Bank was ranked as the top bank in Nigeria at 293, with GTB second, coming in at 415 worldwide. First Bank  and Access Bank stood at  numbers 424 and  532 respectively, while  United Bank for Africa is ranked 539 and Fidelity Banks occupies the 622nd spot.   According to The Banker, profit on capital of three Nigerian banks that are not foreign-owned subsidiaries increased. These are First Bank that saw its profit on capital increase to 25.32% from 25.13%, Access Bank to 21.24% from 21.19%  and First City Monument Bank, that saw its profits rise to 15.77% from 15.07%.   Brain Caplen, The Bankers' editor, explained that there was a 23% increase in profit of global banks from 2007, adding that this was is good news. However, he  pointed out that the better news is that capital has also increased at a reasonable pace, whereas assets have stayed flat.   Overall, Africa has 31 banks in the top 1,000 globally and the other nine are from South Africa, Egypt, Angola, Gabon, Kenya, Mauritius, Morocco and Togo. The Banker is a global financial intelligence magazine published since 1926, which provides guides to bank ratings and analysis globally. -