Nigerian banks among top 500 banking brands in the world in 2016

According to the 2016 Top 500 banking brands
ranking published in the February edition of The
Banker magazine of Financial Times Group in
conjunction with Brand Finance, London, United
Kingdom, First Bank of Nigeria is in 320th
position out of 500 top banks in the world in
2016. It has moved up from it's former position
of 336th from last year.
First Bank of Nigeria Limited retained its number
one banking brand ranking in Nigeria for the fifth
consecutive year in the global ranking of banks
by The Banker magazine.
A press release from the Country Representative
of The Banker magazine in Nigeria, Kunle
Ogedengbe, added that three other Nigerian banks
also made the ranking of the top 500 banks in
the World.
First Bank of Nigeria is in 320th position out of
500 top banks in the world in 2016
Guaranty Trust Bank is 389th in the world from
417th in 2015
Zenith Bank dropped from 392nd in the world in
2016
United Bank for Africa is in the 447th position.
Of the five countries in Africa that made the
ranking, Nigeria has the highest brand value
increase of $249 million.
Egypt moved up by $239 million
Togo gained $134 million while South Africa and
Morocco lost $878 million and $213 million
respectively.
Globally, Wells Fargo of the United States of
America retained the number one banking brand in
the world for the fourth consecutive year with a
brand value $44.1 billion for 2016