Assessment Of Financial Performance Of Selected Money Deposit Banks In Nigeria: A Ratio Analysis Approach

Abstract

The study assessed and compared the financial performance of Zenith Bank Plc and Guaranty Trust Bank Plc two top banks in Nigeria for the period 2012-2016. Secondary data obtained from the annual reports of the two banks were subjected to statistical computation. Descriptive statistics in form were used to present the results. The findings revealed that Zenith Bank Plc management focused more on liquidity and risk asset quality while Guaranty Trust Bank Plc management emphasized more on profitability. The authors therefore, recommend that the balance/mix of liquidity and profitability objectives is important for the banks to deliver superior financial performance to their shareholders.