The earned revenue, which is a significant increment from the figures in 2022, is a boost for the deposit money banks and tier 1 banks particularly, as they aim to increase their capital bases ahead of the 2026 recapitalisation deadline.
The financial report was culled from the banks’ audited financial statements. It showed that the tier 1 banks include Access Holdings Plc, FBN Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc, United Bank for Africa (UBA) Plc and Zenith Bank Plc.
The banks that featured in the top five of the report are as follows;
