Profit Before Taxation combines all of the company’s profits before tax, including operating, non-operating, continuing operations and non-continuing operations. In this educational article, we list the 2018 top banks in Nigeria by profits.

PBT exists because tax expense is constantly changing and taking it out helps give an investor a good idea of changes in a company’s profits or earnings from year to year. Profit Before Taxation (PBT) is the money retained by the firm before deducting the money to be paid for taxes. It is a profitability measure that looks at a company’s profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax.

Profit before tax provides useful information for evaluating a company’s operating performance without regard to tax implications. By removing the tax factor, profit before tax helps to minimize a variable that may be unique from bank to bank, in order to focus the analysis on operating profitability as a singular measure of performance. Such analysis is particularly important when comparing similar banks across the industry.

Guaranty Trust Bank PLC (#154,005,487,000 (2016), #186,204,604,000 (2017)), Zenith Bank PLC (#139,927,000,000 (2016), #173,563,000,000 (2017)), and Access Bank PLC (#80,579,576,000 (2016), #67,043,501,000 (2017)) are the highest profit before taxation in the year 2016 and 2017.

Suntrust Bank Nigeria Limited (#343,344,000 (2016), #285,144,000 (2017)), Wema Bank PLC (#3,276,365,000 (2016), #3,054,873,000 (2017)), and Diamond Bank PLC (#1,903,406,000 (2016), #4,352,136,000 (2017) ) are the lowest profit before taxation in the year 2016 and 2017.

Read more at https://startcredits.com/the-2018-top-banks-in-nigeria-by-profits/

Bank Name Profit before Taxation
2016 (‘000 Naira) 2017 (‘000 Naira)
Suntrust Bank Nigeria Limited 343,344 285,144
Wema Bank Plc 3,276,365 3,054,873
Diamond Bank Plc 1,903,406 4,352,136
Sterling Bank Plc 6,018,479 8,540,000
First Bank Nigeria Limited 7,611,000 9,382,000
Union Bank of Nigeria Plc 16,053,000 13,176,000
Stanbic IBTC Bank Ltd. 1,501,000 27,545,000
United Bank for Africa Plc 57,649,000 53,837,000
Access Bank Plc 80,579,576 67,043,501
Zenith Bank Plc 139,927,000 173,563,000
Guaranty Trust Bank Plc 154,005,487 186,204,604
Total 468,867,657 546,983,258

Read more at https://startcredits.com/the-2018-top-banks-in-nigeria-by-profits/

atleast diamond bank dey dere

Gtb all the way Mr saraki and innoson bank lol but wait oo my banks are there with 500eachs
Gtb
Zenith
Fbn and
Diamond

Who else got an invite to diamond bank test