Bank assets as a share of GDP reached 26.6 % in 2017 in Nigeria, according to the National Central Bank. This is 9.42 % less than in the previous year.
Historically, bank assets as a share of GDP in Nigeria reached an all time high of 53.0 % in 1986 and an all time low of 16.4 % in 1996. When compared to Nigeria's main peers, bank assets as a share of GDP in Cameroon amounted to 28.0 % and 19.2 % in Chad in 2017.
Nigeria has been ranked 108th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 2 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.