Zenith Bank, your darling financial institution emerges best bank in Nigeria.
Naija News NG reports that the Nigeria’s leading financial institution, has emerged as the Best
Bank in Nigeria in the recently released Global Finance Magazine World’s Best
Banks Awards 2020.
The awards, which was published in the May 2020 edition of the Global Finance
Magazine, was based on the performances of the banks in their respective
regions and countries over the period from January 1 to December 31, 2019.
Global Finance’s "World’s Best Banks Awards" are recognized amongst the
world’s most influential banking/finance and corporate professionals as the most
coveted and credible awards in the banking industry, with winners chosen in
more than 150 countries across Africa, Asia-Pacific, Central & Eastern Europe,
Latin America, the Middle East, North America and Western Europe.
Founded in 1987, Global Finance regularly selects the top performers among
banks and other providers of financial services and the awards have become a
trusted standard of excellence for the global financial community.
Commenting on the recognition, the Group Managing Director/Chief Executive of
Zenith Bank, Mr, Ebenezer Onyeagwu said that “this award is a clear
demonstration of the bank’s market leadership, occasioned by our superior
product offerings, best-in-class service and top-of-the-range technology which
create value for our teeming customers.”
Zenith has clearly distinguished itself in the Nigerian financial services
industry through superior service quality, unique customer experience and sound
financial indices. The bank, with a knack for setting the pace and raising
benchmarks, is a clear leader in the digital space with several firsts in the
deployment of innovative products, solutions and an assortment of alternative
channels that ensure convenience, speed and safety of transactions.
As a testament to its resilience and market leadership, Zenith announced
an impressive result for the year ended December 31, 2019, with profit after tax
(PAT) of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the
N200 billion mark. In the recently released Q1 2020 unaudited financial results,
the bank also recorded an improved result over the corresponding period in
2019, with gross earnings rising by 6% to N166.8 billion and profit before tax
(PAT) growing 3% to N58.8 billion.
Consistent with this superlative performance and in recognition of its track record
of exceptional performance, Zenith Bank was ranked as the Best Commercial
Bank in Nigeria 2019 by the World Finance and the Best Digital Bank in Nigeria
2019 by Agusto & Co. The bank was also voted as Bank of the Year and Best
Bank in Retail Banking at the 2019 BusinessDay Banks and other Financial
Institutions (BAFI) Awards. Most recently, the bank was recognized as the Most
Valuable Banking Brand in Nigeria, for the third consecutive year, in the Banker
Magazine “Top 500 Banking Brands 2020” and the Bank of the Decade (People’s
Choice) at the ThisDay Awards 2020.
