Finance & EconomyNews

Access Bank led the list of banks with the highest customer loans with N4.16 trillion .

 A look at the audited financial statements of the listed commercial banks in the Nigerian stock market shows that their aggregate customer loans increased by N2.95 trillion in 2021 to stand at N17.22 trillion as of the end of the year.

Meanwhile, Access Bank led the list of banks with the highest customer loans with N4.16 trillion as of December 2021. Its credit to customers increased by N943.26 billion (29.3%) in 2021.

Zenith Bank followed with loans to customers stated at N3.36 trillion, which is N576.7 billion higher than the N2.78 trillion recorded as of the beginning of the year. Also, UBA’s customer loan stood at N2.68 trillion, representing a 4.9% (N125.69 billion) increase compared to N2.55 trillion as of the end of the previous year.

It is worth noting that Stanbic IBTC recorded the highest increase in customer loans in the year in terms of percentage change relative to the previous period. Its loans to customers surged by 47.3% to N625.14 billion in 2021.

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