15 Best And Worst Performing Nigerian Banks Of 2018

GTBank

A rundown of best and most noticeably bad performing banks in the year 2018 has risen with Unity Bank turning into the best performing bank at the trade for 2018. 

In spite of the fact that Unity Bank had the littlest market top before the year's over, it, be that as it may, had an extreme increment in market esteem, with a 109.8 percent expansion in offer cost, to stand out as the best performing bank at the trade for 2018. 

In a similar vein, the greatest bank in Nigeria, by market top, for 2018 was Guaranty Trust Bank (GTB), with a year-end advertise top of over N1 trillion at the Nigerian Stock Exchange (NSE). 

In the interim, Access Bank notwithstanding being headed to turning into Nigeria's biggest bank this year, had the most exceedingly bad 2018, as far as market esteem, shedding 35.05 percent of its offer cost in 365 days. 

Since Access Bank made the move to procure Diamond Bank, the last has increased more than 45 percent in market esteem, turning into the lady of the hour of the Nigerian bourse.

HERE ARE THE BEST AND WORST PERFORMING BANKS OF 2018

RANK	BANK	SHARE PRICE (N)	2018 SHARE PRICE GAIN/LOSS (%)	MARKET CAP (N’BILLION)
1	Unity Bank	1.07	+109.8	12.51
2	Sterling Bank	1.90	+75.93	54.70
3	Diamond Bank	2.18	+45.33	50.49
4	First City Monument Bank	1.89	+28.57	37.43
5	Wema Bank	0.63	+26.00	24.30
6	Stanbic IBTC	47.95	+17.38	491.04
7	Ecobank	14.00	-9.20	337.40
8	Zenith Bank	23.05	-10.10	722.12
9	First Bank of Nigeria Holdings	7.80	-11.36	285.37
10	Guaranty Trust Bank (GTB)	34.45	-15.46	1,001
11	Fidelity Bank	2.03	-17.48	58.82
12	Jaiz Bank	0.50	-20.63	14.73
13	United Bank for Africa (UBA)	7.70	-25.73	263.38
14	Union Bank of Nigeria	5.60	-28.21	231.03
15	Access Bank	6.80	-35.05	196.71

On the other hand, the ranking above is basically driven by market forces and share value and does not directly take into account corporate governance issues, non-performing loans (NPLs), and other management factors.

This means that by market cap, the leading banks for 2018 are GTB, Zenith Bank, Stanbic IBTC, Ecobank and First Bank of Nigeria.

Meanwhile, banks not listed on the Nigerian Stock Exchange (NSE), such as Keystone Bank, were not taken into consideration while compiling this list.