Banks earn N522 billion from electronic banking, card fees in 9M 2026
Eight Nigerian Exchange-listed banking groups generated a combined N521.79 billion from electronic banking and card-related fees in the nine months ended September 2026, up 8.1% from N482.48 billion in the corresponding period of 2025. The post Banks earn N522 billion from electronic banking, card fees in 9M 2026 appeared first on Nairametrics .
In the nine months leading up to September 2026, Nigerian banks collectively earned N521.79 billion from electronic banking and card-related fees, a 8.1% increase from N482.48 billion in the same period a year prior. Access Holdings led the charge with N172.92 billion, accounting for 33.1% of the total. Ecobank trailed with N115.93 billion.
The remaining six banks combined generated N405.86 billion, marking a 13.6% rise. GTCO demonstrated the strongest growth, with e-business income up 40.6% to N60.81 billion. Not all banks experienced growth; Wema, Stanbic IBTC, and Ecobank saw declines. The revenue surge signifies banks' efforts to broaden income sources beyond traditional lending, though the costs of these services remain significant.
The overall earnings picture shows a 14.2% increase in profit before tax to N5.29 trillion, driven by a substantial 48.1% drop in credit impairment charges.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
