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Eight banks kick off gaming competition at Tech Experience Centre
On
Bank Wars at Africa’s cutting-edge technology and lifestyle hub, the Tech Experience Centre.
The competition which successful participants will be crowned winners of FIFA 21, is sponsored by foremost Original Equipment Manufacturer, Samsung.
Banks battling for the prize include: Access Bank, First City Monument Bank (FCMB), Standard Chartered Bank and Zenith Bank. Others are Sterling Bank, Guaranty Trust Bank (GTB), Union Bank and Fidelity Bank.
According to Tech Experience Centre, the competing banks are divided into two groups, with the first four listed above occupying Group A while the latter four will compete for honours in Group B.
The year 2020 was a remarkable year for the Nigerian banking industry as different policies such as the GSI policy, loan restructuring, etc., were issued in the industry’s favour. The industry became more competitive in the year, with each of the banks striving to increase its market size and revenue.
Tracking the public information of listed banks on the NSE, we analysed them based on popular metrics to determine the leading players in the industry. For the analysis, the full year 2020 results of the following banks were tracked: Access, FBN, FCMB, Fidelity, GTB, Jaiz, Stanbic IBTC, Sterling, Union, UBA, Wema, and Zenith Bank. Ecobank was not considered in the analysis as the bank operates efficiently in other markets besides Nigeria.