Zenith Bank Plc has been announced as the winner of the Best Bank in Nigeria category in the Global Finance Magazine’s Best Banks Awards 2022.
With the development, the top tier bank retained the prestigious 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 the Global Finance while presenting the award said the emergence of Zenith as the winner of the best Bank in Nigeria award was as a result of extensive consultations with corporate financial executives, bankers and banking consultants, and analysts worldwide.
According to the organisation, factors ranging from the quantitative objective to the informed subjective were considered 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 the award is an indication of the Bank’s resilience in contributing to the economy of the country.
He also 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.
“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,” Onyeagwu said.
