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| Zenith Bank. |
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 29th Annual Best Bank Awards Winners.
The editors of Global Finance made the selections
after extensive consultations with corporate financial executives, bankers and
banking consultants, and analysts worldwide. Global Finance considered factors
that ranged from the quantitative objective to the informed subjective in
selecting the top banks. Objective criteria considered 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.
Commenting on the award, the Group Managing
Director/Chief Executive of Zenith Bank, Mr Ebenezer Onyeagwu said: “This award
is a testament to our tenacity despite a very challenging macroeconomic
environment. Indeed, being recognised, for the third consecutive year, is an
acknowledgement of the resilience of the Zenith brand as the leading financial
institution in Nigeria.” He
lauded the contributions and efforts of the Bank's key stakeholders – the Founder
and Chairman, Jim Ovia, CON, for his
pioneering role in building the structures and laying the foundation for an
enduring and successful institution, the Board for the outstanding
leadership they provide, the staff for their commitment and dedication as well as
the Bank’s customers for their unwavering loyalty and support.
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,
AsiaPacific, the Caribbean, Central America, 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 financial services providers, and the
awards have become a trusted standard of excellence for the global financial
community. Joseph D. Giarraputo, publisher and editorial director of Global
Finance, said: "With the financial world in a state of turmoil from
Russia's invasion of Ukraine, corporate leaders face a new set of challenges
concerning the choice of their banking relationships." According to him,
"following on the enormous difficulties wrought by the pandemic, these
changes demand increased attention to global commercial relationships. Our
awards support decision-makers in selecting the best financial partners.”
Zenith Bank's track record of excellent performance has earned the
brand numerous awards, including being voted as Best Commercial Bank in Nigeria
in the World Finance Banking Awards 2021, Best Bank in Nigeria in the Global
Finance World's Best Banks Awards 2020 and 2021, Bank of the Year (Nigeria) in
The Banker's Bank of the Year Awards 2020, and Best in Corporate Governance
'Financial Services' Africa 2020 and 2021 by the Ethical Boardroom. Also, the
Bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker
Magazine Top 500 Banking Brands 2020 and 2021, Number One Bank in Nigeria by
Tier-1 Capital in the "2021 Top 1000 World Banks" Ranking by The
Banker Magazine and the Retail Bank of the year at the BusinessDay Banks and
Other Financial Institutions (BOFI) Awards 2020 and 2021.
Similarly, Zenith Bank was honoured as Bank of the Decade
(People's Choice) at the ThisDay Awards 2020 and emerged winner in four
categories at the Sustainability, Enterprise, and Responsibility (SERAS) Awards
2021, carting home the awards for "Best Company in Reporting and Transparency",
"Best Company in Infrastructure Development", "Best Company in
Gender Equality and Women Empowerment", and the coveted "Most
Responsible Organisation in Africa.
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