Zenith Bank Plc has been named Nigeria’s best bank in the recently released Global Finance Magazine World’s Best Banks Awards 2020.
The awards, published in the magazine’s May 2020 edition, were 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 recognised among 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 and 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, Ebenezer Onyeagwu, said: “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.”
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 per cent to N166.8 billion and profit before tax (PAT) growing 3 per cent to N58.8 billion.