Zenith wins Bank of the Year award

Zenith Bank Plc has been adjudged the Bank of the Year in "Banker's Bank of the Year Awards 2020".

Prior to this, the bank had won the Most Valuable Banking Brand in Nigeria and the Number One Bank in Nigeria by Tier-1 Capital by The Banker awards.

The Banker Magazine, Financial Times Group, United Kingdom, announced the award during a virtual awards ceremony on Wednesday, Daily Trust said.

The award was based on individual banks’ ability to deliver returns, gain strategic advantage, and serve their markets.

The Banker’s Bank of the Year awards, which is regarded as the industry standard for banking excellence,, 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, according to Daily Trust.

Commenting on the award, the Group Managing Director/CEO of Zenith Bank, Ebenezer Onyeagwu, said that: “it is a thing of joy for us in Zenith Bank to have been recognized 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 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 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.

The bank had announced an impressive result for the year-end 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.