Quote from Adesola_M on June 19, 2026, 11:18 am

 

Nigerian tier-one banks (FUGAZ) generated a combined N1.949 trillion in pre-tax profit from their foreign subsidiaries in 2025, accounting for 54.77% of their total group profit. This milestone emphasizes how essential international operations and the African and UK corridors are becoming to Nigeria’s largest financial institutions. 

 

The breakdown of pre-tax profits generated by these foreign subsidiaries for the 2025 financial year is as follows:

• United Bank for Africa (UBA): N671.1 billion
• Access Holdings: N571.305 billion
• Guaranty Trust Holding Company (GTCO): N375.322 billion
• Zenith Bank: N331.758 billion

(Note: First HoldCo’s 2025 subsidiary figures were not publicly disclosed.)

While this surge in international earnings highlights the immense strategic value of these banks’ geographic diversification, it also served as a critical buffer. Across the board, combined group pre-tax profits actually declined by 11% domestically, largely due to high operating expenses, massive loan impairment charges, and fading foreign exchange gains. 

• United Bank for Africa (UBA): N671.1 billion
• Access Holdings: N571.305 billion
• Guaranty Trust Holding Company (GTCO): N375.322 billion
• Zenith Bank: N331.758 billion