Zenith Bank wins prestigious Bank of the Year in Nigera Award

December 4, 2020

CWEIC Strategic Partner Zenith Bank Plc has been named “Bank of the Year” in Nigera for 2020.

Announced at a virtual ceremony held by the UK’s The Banker magazine, which is part of the Financial Times Group, the Award was based on individual banks’ ability to deliver returns, gain strategic advantage and serve their markets.

Regarded as the industry-standard for banking excellence, the Bank of the Year Awards is contested by the world’s leading financial institutions, with winners chosen across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Commenting on the Award, the Group Managing Director/CEO of Zenith Bank Plc., Mr. Ebenezer Onyeagwu, said:

“It is a thing of joy for us in Zenith Bank to have been recognised by The Banker, Financial Times Group, as the Bank of the Year 2020 in Nigeria. I dedicate this award to our staff for their commitment, doggedness, creativity and very outstanding talents. It is in the talents of our staff that the bank has continued to build dynamic competencies and capabilities that are driving our business for continued superior performance.”

He also expressed his gratitude to the Group Chairman, Jim Ovia, for the pioneering and foundational role he played in building the structures and laying the foundation for an enduring and a very successful institution, the Board for the deep insights and outstanding leadership they provide, as well as the Bank’s teeming customers for their support which has enabled the Bank to prove to the market what it can deliver.

Earlier in the year, Zenith Bank also won the Most Valuable Banking Brand in Nigeria and the Number One Bank in Nigeria by Tier-1 Capital.

Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices. The bank has remained 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 Bank 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.