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Economy

Zenith Bank Picks Fourth Best Bank in Nigeria Award in Five Years

By Modupe Gbadeyanka

For the fourth time in five years, since 2019, Zenith Bank Plc has emerged as the Best Bank in Nigeria at the Global Finance Best Banks Awards 2024.

The organisers of the awards disclosed that Zenith Bank and others from 36 African countries were recognised after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts worldwide.

It was noted that they emerged victorious after scaling through some criteria ranging from the quantitative objective to the informed subjective.

Objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.

Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

“Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook,” the publisher and editorial director of Global Finance, Mr Joseph Giarraputo, said.

“In this ever-changing environment, the Best Bank Awards recognize the financial institutions that offer the broadest range of services, long-term reliability, and technological innovation,” he added.

Commenting on the award, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, said, “This award serves as a powerful affirmation of our resilience and tenacity despite headwinds and a very challenging macroeconomic environment.”

“Indeed, it is a testament to our status as the leading financial institution in Nigeria, dedicated unwaveringly to delivering exceptional value to our stakeholders,” he added.

Business Post reports that Global Finance’s Best Banks Awards are recognised 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 150 countries and territories across Africa, Asia Pacific, the Caribbean, Central America, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Zenith Bank’s track record of excellent performance has earned the brand numerous awards, including being recognised as the Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023, being listed in the World Finance Top 100 Global Companies in 2023; and being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 14th consecutive year, in the 2023 Top 1000 World Banks Ranking published by The Banker Magazine; among others.

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