four commercial banks operating in the
country generated about N49bn from maintaining customers’ accounts in
2017, the annual reports of the banks showed.
This an increase of N16.4bn over the
total amount (N32.6bn) the four banks made from maintenance charges paid
by their customers through savings, current and term deposits.
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Four banks earned N49bn from maintenance charges in 2017
Oyetunji Abioye
four commercial banks operating in the
country generated about N49bn from maintaining customers’ accounts in
2017, the annual reports of the banks showed.
This an increase of N16.4bn over the
total amount (N32.6bn) the four banks made from maintenance charges paid
by their customers through savings, current and term deposits.
The four banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc and United Bank for Africa Plc.
Of the four banks, Access Bank led
others by percentage while Zenith Bank led in value generated from
customers’ account maintenance fees in 2017.
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