he highest spike in average salary per head in the Nigerian banking industry in 2013 and was overdue depending on whom you talk to. In addition, its employees scored four less points than the 2012 fiscal year when it came to value-added.
Its employees did increase their productivity level by a whopping 135 per cent as a result of the 32 per cent increase in average disposable income power. It needs to strive to bring in higher quality people relative to the overall employee head count and we see much better days ahead for the bank. Its employees are working a lot harder as the numbers reveal.
According to the investment firm, “The overall rankings for staff-value addednot productivity is as follow, GT Bank;UBA ; Sterling Bank; First Bank; Skye Bank; Zenith Bank; FCMB; ETI and Diamond. Others are Access Bank; Fidelity Bank; Unity Bank; Wema Bank; Stanbic Bank and Union Bank
The firm noted thatNigeria’s most illiquid bank,trading perspective, Stanbic IBTC’s stock pricehas risen 37 per cent this year thus far and 94 per cent in 2013 after a share reconstruction in the last quarter of 2012. It has the most expensive employees on average in the Nigerian banking industry though the gap between first and second has reduced from 32 to 30 per cent. Access Bank has dethroned Union Bank from the second spot.
This is a bank that on many occasions trades less than $50,000 per dayand is now Nigeria’s fourthmost capitalised bank. Its brokerage arm pretty much has a stronghold on the leader board of trading transaction value on the Nigerian Stock Exchange.