Access Holdings Leads Banking Earnings Growth in 2025
In 2025, Nigeria's five largest banking groups achieved combined gross earnings of approximately N18.4 trillion, marking a 5.7 percent increase from N17.4 trillion in 2024. This growth was primarily driven by Access Holdings, Zenith Bank, and First HoldCo, which offset declines at United Bank for Africa (UBA) and stagnant revenue at Guaranty Trust Holding Company (GTCO).
Access Holdings reported the highest gross earnings of N5.53 trillion, a 13.3 percent rise from N4.88 trillion in 2024, with profit before tax increasing 16.2 percent to N1.007 trillion. In contrast, First HoldCo's profit before tax plummeted 70.5 percent to N235.0 billion, and UBA's profit fell 47.3 percent.
Zenith Bank's gross earnings rose 5.6 percent to N4.19 trillion, but its profit before tax declined 4.8 percent. GTCO experienced lower post-tax earnings despite growth in core income.
The overall sector faced challenges with higher impairment charges and operating costs impacting profitability.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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