…As 5 banks submit 37% progress in profitability
By Babajide Komolafe, Economic system Editor
9 high banks in Nigeria recorded a mixed N4.115 trillion revenue after tax (PAT) within the 9 months ended September 2025 (9M’25), representing a 1.5 per cent year-on-year (YoY) decline from N4.176 trillion recorded in the identical interval of 2024 (9M’24).
The banks are Entry Holdings, Ecobank Transnational, GT Holdings, FBN Holdings, Sterling Holdings, Stanbic IBTC Holdings, UBA, Wema Financial institution, and Zenith Financial institution.
A Vanguard evaluation of their monetary statements for the interval ended September 30, 2025, confirmed that 5 banks recorded revenue progress, whereas the remaining 4 posted declines.
Cumulatively, the 5 worthwhile banks grew their PAT by 37 per cent YoY to N1.753 trillion in 9M’25, up from N1.28 trillion in 9M’24. The gainers have been Wema Financial institution, Sterling Holdings, Ecobank, Stanbic IBTC, and UBA.
Wema Financial institution recorded a 299 per cent YoY improve in revenue to N172.4 billion in 9M’25 from N43.2 billion in 9M’24, whereas Sterling Holdings posted a 130 per cent rise to N62.3 billion from N27.4 billion. Stanbic IBTC grew revenue by 52 per cent to N278.5 billion from N182.9 billion, and Ecobank reported a 43 per cent improve to N702.4 billion from N492 billion. Equally, UBA recorded a modest 2.5 per cent progress to N537.5 billion from N525.3 billion.
Conversely, the remaining 4 banks Entry Holdings, GT Holdings, FBN Holdings, and Zenith Financial institution noticed their mixed earnings drop by 18.4 per cent YoY to N2.362 trillion in 9M’25 from N2.897 trillion in 9M’24.
Entry Holdings posted a 2.2 per cent decline to N448 billion from N458 billion, whereas Zenith Financial institution recorded a 7.6 per cent drop to N764.2 billion from N827.3 billion. FBN Holdings noticed an 18.4 per cent fall to N450.9 billion from N533.9 billion, and GT Holdings recorded a steep 35 per cent decline to N699.6 billion from N1.085 trillion within the corresponding interval of 2024.
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