FCMB Group had the largest asset base at N8.36tn, followed by Wema Bank with N5.76tn and Sterling Financial Holdings with N4.67tn. Jaiz Bank reported N1.64tn in assets, while Infinity Trust Mortgage Bank had N53.25bn.
FCMB and Wema accounted for about 80 per cent of the combined profit, recording N139.9bn and N131.37bn respectively. An economist, Dr Aliyu Ilias, said the strong results reflected increased economic activity but urged banks to channel more credit towards manufacturers, agriculture and small businesses.
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Five Nigerian mid-sized banks recorded combined assets of N20.47tn and profit after tax of N338.4bn in the first half of 2026, driven by strong earnings growth. Five Nigerian mid-sized banks recorded combined assets of N20.47tn in the first half of 2026, while their profit after tax reached N338.4bn. The lenders are FCMB Group, Wema Bank, Sterling Financial Holdings,...
Key takeaways
- Five Nigerian mid-sized banks recorded combined assets of N20.47tn and profit after tax of N338.4bn in the first half of 2026, driven by strong earnings growth.
- Five Nigerian mid-sized banks recorded combined assets of N20.47tn in the first half of 2026, while their profit after tax reached N338.4bn.
- The lenders are FCMB Group, Wema Bank, Sterling Financial Holdings, Jaiz Bank and Infinity Trust Mortgage Bank, which also posted combined gross earnings of N1.43tn for the six months ended June 30.FCMB Group had the largest asset base at N8.36tn, followed by Wema Bank with N5.76tn and Sterling Financial Holdings with N4.67tn.
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What is this story about?
Five Nigerian mid-sized banks recorded combined assets of N20.47tn and profit after tax of N338.4bn in the first half of 2026, driven by strong earnings growth. Five Nigerian mid-sized banks recorded combined assets of N20.47tn in the first half of 2026, while their profit after tax reached N338.4bn. The lenders are FCMB Group, Wema Bank, Sterling Financial Holdings,...
Who published this story?
Glow 99.1 FM published this story with GlowRy Atuah listed as author.
When was it published?
September 28, 2026
