Zenith Bank retains title as Best Bank in Nigeria

Zenith Bank retains title as Best Bank in Nigeria

Zenith Bank retains title as Best Bank in Nigeria     Zenith Bank Plc has been named as the Best Bank in Nigeria for the second successive year in the Global Finance Magazine’s Best Banks Awards 2021. The bank was among other banks from 35 countries in Africa recognised as the prestigious US magazine, Global Finance announced its 28th Annual Best Bank Awards Winners in Africa. The editors of Global Finance made all selections after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts worldwide. Global Finance…

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2020: Zenith Bank defies pandemic to post good numbers

Zenith Bank retains title as Best Bank in Nigeria

2020: Zenith Bank defies pandemic to post good numbers   Despite the pandemic and economic distruption that characterized the year, Zenith Bank Plc posted good numbers. This include gross earnings of N696.5 billion in its 2020 operations, against N662.3 billion posted in the corresponding period of 2019. The bank’s audited result for the year ending December 31, 2020, showed gross earnings of N696.5 billion over N662.3 billion reported in the previous year while profit before tax also increased from N243.3 billion to N255.9 billion in 2020. According to the bank,…

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Zenith Bank’s brand is worth $275m, highest in Nigeria

Zenith Bank retains title as Best Bank in Nigeria

Zenith Bank’s brand is worth $275m, highest in Nigeria     Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2021. For the fourth consecutive year, Zenith Bank has been ranked as the number one banking brand in Nigeria with a brand value of $275 million, moving up two places from 392 in 2020 to 390 in the 2021 global ranking of banks. Notably, the lender is the only Nigerian bank among the first 400 banks in the global ranking.…

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Ecobank, NB, Zenith Bank lead in N38bn loss as equities open week

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Trading in the Nigerian equities market closed in the red on Monday as following 8.5 per cent sell-offs in the stocks of Ecobank (ETI), 1.8 per cent in Nigerian Breweries (NB) and 1.0 per cent decline in Zenith Bank. Thus, the benchmark index which tracks share price movement at the Nigeria Stock Exchange (NSE) declined by 0.2 per cent as it shed 63.63 points to 35,064.36 basis points; while market capitalization shed N38 billion to close the week’s opening session at N18.327 trillion. Consequently, Month-to-Date (MtD) and Year-to-Date (YtD) gains…

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STOCK ANALYSIS: Zenith Bank Q3: Revenue, profit growth, supports high dividend payout possibility

Zenith Bank retains title as Best Bank in Nigeria

Last week, Zenith Bank Plc released its long-expected unaudited financials for the nine-month ended September 30, 2020, later than the released date of the 2019 scorecard, showing that earnings have grown consistently on quarterly and yearly bases over the years. The bank has also sustained its culture of risk management that has kept impairment charges lower over the years, enhancing profit, besides the high asset quality and strong balance sheet that supports outstanding performance in a challenging environment. The result therefore points to the possibility of a high dividend payout…

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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

Zenith Bank retains title as Best Bank in Nigeria

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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