Six banks have posted more than N2.4 trillion as Profit After Tax (PAT) for nine months ended September 30, as against the N2 trillion recorded in same period in the 2024 financial year (FY).
The banks are First HoldCo Plc, Access Holdings Plc, Zenith Bank Plc, United Bank for Africa (UBA) Plc, Sterling Financial Holdings and Wema Bank Plc.
The figure represents a 20 per cent increase from the profit recorded in the same period of 2024.
A review of the banks’ quarter three (Q3) unaudited financial statements posted on the Nigerian Exchange Group (NGX) platform reveals that most of the banks recorded increase in their gross earnings.
Their Profit Before Tax (PBT) for nine months ended September rose to N2.895 trillion against the N2.8 trillion recorded in same period in the 2024 financial year (FY).
The figure represented a two per cent increase from the profit recorded in the same period of 2024.
However, customers’ deposits increased astronomically during the period under review compared to the 2024 FY ended December.
Customers’ deposits in First HoldCo Plc increased from N17.1 trillion as at December 2024 to N17.89 trillion in nine months ended September 30, 2025.
For Access Holdings Plc, customers’ deposits increased to N33.1 trillion in nine months ended Sept. 30 from N22.5 trillion as at Dec. 2024.
Zenith Bank Plc posted N23.69 trillion as its customers deposits for nine months compared to the N21.959 trillion recorded in the 2024 financial year (FY).
The bank categorised its customers deposits as demand, savings and term respectively.
Similarly, UBA Plc recorded N23.799 trillion as its customers deposits in nine months against N21.89 trillion posted in the 2024 financial year.
Sterling Financial Holdings Plc recorded N2.879 trillion as customers’ deposits in nine months ended Sept. 30, 2025 against N2.5 trillion posted in 2024 FY.
Also, Wema Bank Plc, posted N2.7 trillion as its customers’ deposits in nine months compared to the N2.5 trillion recorded in 2024 ended December.
Banks have been advised to ensure the profit culminates into dividend increase for shareholders and better service delivery to customers.
