Fitch Affirms Zenith Bank at ‘B’; Off Rating Watch Negative, Outlook Stable

Investors stake N3.83bn on Zenith Bank’s shares on Monday

Fitch Ratings has affirmed Zenith Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. A full list of rating actions is below. The removal of the RWN on Zenith’s Long-Term IDR, Viability Rating (VR) and National Ratings reflects Fitch’s view of receding near-term risks to the bank’s credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic. In our opinion the impact of the economic downturn on Zenith’s credit profile is tolerable at…

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Tier-1 Capital Ranking: Zenith Bank is Nigeria’s number one bank

Tier-1 Capital Ranking: Zenith Bank is Nigeria’s number one bank

Zenith Bank Plc has emerged the Number One Bank in Nigeria, according to a ranking done by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking, published by The Banker Magazine. The ranking which was published in the July 2020 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2019 year-end Tier-1 capital of banks globally. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number…

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