Monday, June 10,
2020 / 10:16 AM /Zenith Bank / Header Image Credit: Daily Trust
Zenith Bank Plc, 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 Bank 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 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.
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.
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