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Top 7 Banks In Nigeria With The Most Branches

The Nigerian banking sector is among the most developed in Africa, providing a wide range of financial services to individuals, businesses, and government institutions. With a population of over 200 million, accessibility to banking services is crucial. As a result, banks with extensive branch networks are highly sought after. In this article, we’ll explore the top 7 banks in Nigeria with the most branches, delving into their history, services, and why they remain pivotal in the financial ecosystem.

1. First Bank of Nigeria

First Bank of Nigeria, often referred to as FirstBank, is one of the oldest and most reputable financial institutions in Nigeria.

Branch Network

With over 750 branches spread across all 36 states and the Federal Capital Territory (FCT), FirstBank has the largest network of branches in Nigeria. This extensive reach ensures that customers in both urban and rural areas have easy access to its services.

Key Features

• Established in 1894, it is the first and oldest commercial bank in Nigeria.

• Provides a wide range of services, including savings, loans, investment products, and corporate banking.

• Its mobile app and USSD services complement its physical presence, making banking convenient.

FirstBank’s commitment to financial inclusion and innovation has helped it maintain its position as a market leader in Nigeria.

2. United Bank for Africa (UBA)

United Bank for Africa (UBA) is a pan-African bank with a strong presence in Nigeria and across 20 other African countries.

Branch Network

UBA operates over 600 branches in Nigeria, making it one of the banks with the most extensive physical presence in the country.

Key Features

• Founded in 1949, UBA has grown to serve millions of customers.

• Offers services ranging from retail banking to trade financing and wealth management.

• UBA’s robust digital banking platforms, such as UBA Mobile Banking and Leo (its chatbot), complement its physical branch network.

UBA’s combination of technology and physical presence makes it a favorite for customers seeking both convenience and reliability.

3. Access Bank

Access Bank is one of Nigeria’s largest banks by assets and customer base. Following its merger with Diamond Bank in 2019, it significantly expanded its branch network.

Branch Network

Access Bank boasts over 600 branches, making it a major player in Nigeria’s banking landscape.

Key Features

• Offers services tailored to individuals, SMEs, and large corporations.

• Known for innovative digital banking solutions, including AccessMore and PayWithCapture.

• Provides specialized services, such as women’s banking (W Initiative) and youth-focused products.

Access Bank’s strategic focus on customer experience and its extensive network make it a top choice for banking services.

4. Zenith Bank

Zenith Bank is a leading financial institution renowned for its strong corporate governance and innovative banking services.

Branch Network

With over 500 branches nationwide, Zenith Bank has established itself as a trusted brand in Nigeria.

Key Features

• Founded in 1990, it is one of Nigeria’s youngest yet most successful banks.

• Focuses on corporate and retail banking services.

• Zenith Bank’s mobile app and internet banking platforms are among the best in the country.

Zenith Bank’s blend of digital innovation and a strong physical presence has earned it a loyal customer base.

5. Guaranty Trust Bank (GTBank)

Guaranty Trust Bank (GTBank), now rebranded as GTCO, is one of Nigeria’s most innovative and customer-focused banks.

Branch Network

GTBank operates over 400 branches across Nigeria, ensuring accessibility to its numerous customers.

Key Features

• Known for its efficiency and exceptional customer service.

• Offers a range of products, including loans, savings, and investment options.

• Pioneered several digital banking solutions, such as 737 banking and GTWorld app.

Despite focusing heavily on digital banking, GTBank maintains a robust branch network to serve customers who prefer in-person transactions.

6. Fidelity Bank

Fidelity Bank is one of Nigeria’s fastest-growing banks, known for its focus on retail and SME banking.

Branch Network

With over 250 branches across Nigeria, Fidelity Bank has a strong presence in major cities and rural areas.

Key Features

• Established in 1988, it has grown steadily over the years.

• Offers competitive savings and investment products.

• Known for excellent customer service and a focus on financial inclusion.

Fidelity Bank’s commitment to innovation and customer satisfaction has cemented its place in the Nigerian banking sector.

7. Union Bank of Nigeria

Union Bank, fondly called "Big, Strong, Reliable," is one of Nigeria’s oldest banks, offering banking services for over a century.

Branch Network

Union Bank operates over 200 branches, strategically located to serve both urban and rural customers.

Key Features

• Founded in 1917, it has a long history of serving Nigerians.

• Provides a range of services, including savings, loans, and corporate banking.

• Recently revamped its operations with improved digital banking platforms.

Union Bank’s strong reputation and focus on modernization make it a preferred choice for many Nigerians.

Why Branch Networks Matter in Nigeria

In Nigeria, branch networks play a critical role in financial inclusion. Despite the growth of digital banking, many Nigerians still prefer face-to-face transactions. Here are some reasons why extensive branch networks are important:

• Accessibility: With branches in rural areas, banks can reach the unbanked population.

• Trust: Physical branches provide a sense of security for customers.

• Customer Support: Branches allow for personalized assistance with complex transactions.

• Economic Impact: Banks with extensive networks contribute to local economies by creating jobs and supporting businesses.

Conclusion 

The top 7 banks with the most branches in Nigeria—FirstBank, UBA, Access Bank, Zenith Bank, GTBank, Fidelity Bank, and Union Bank—are leaders in the financial sector. Their extensive branch networks not only make banking accessible but also foster trust and financial inclusion.

As the Nigerian banking sector continues to evolve with advancements in digital technology, these banks are well-positioned to maintain their dominance. Whether you’re an individual, business owner, or corporation, these banks offer a combination of convenience, innovation, and reliability.