Weeks After Declaring Profit, Zenith Bank Bags Best Bank In Nigeria Awards

<p>&nbsp&semi;<&sol;p>&NewLine;<p><em>Weeks after putting smiles on shareholders’ faces&comma; Zenith Bank&comma; for the second successive year&comma; is Nigeria’s best bank in the global finance best banks awards 2021<&sol;em><&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that just few weeks<strong> after<&sol;strong> declaring profit and putting smiles on the faces of shareholders for the year ended December 31&comma; 2020 with gross earnings rising by 5&percnt; to N696&period;5 billion and profit before tax &lpar;PBT&rpar; growing 5&percnt; to N255&period;9 billion&comma; 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&period;<&sol;p>&NewLine;<p>The bank was among other banks from 35 countries in Africa recognised as the prestigious US magazine&comma; Global Finance announced its 28th Annual Best Bank Awards Winners in Africa&period;<&sol;p>&NewLine;<p>The editors of Global Finance made all selections after extensive consultations with corporate financial executives&comma; bankers and banking consultants&comma; and analysts worldwide&period; Global Finance considered factors that ranged from the quantitative objective to the informed subjective in selecting these top banks&period; Objective criteria considered included&colon; growth in assets&comma; profitability&comma; geographic reach&comma; strategic relationships&comma; new business development and innovation in products&period; Subjective criteria included the opinions of equity analysts&comma; credit rating analysts&comma; banking consultants and others involved in the industry&period;<&sol;p>&NewLine;<p>Global Finance’s &OpenCurlyDoubleQuote;Best Banks Awards” are recognised amongst the world’s most influential banking&sol;finance and corporate professionals as the most coveted and credible awards in the banking industry&comma; with winners chosen in 150 countries and territories across Africa&comma; AsiaPacific&comma; the Caribbean&comma; Central America&comma; Central &amp&semi; Eastern Europe&comma; Latin America&comma; the Middle East&comma; North America and Western Europe&period;<&sol;p>&NewLine;<p>Founded in 1987&comma; Global Finance regularly selects the top performers among banks and other financial services providers&comma; and the awards have become a trusted standard of excellence for the global financial community&period;<&sol;p>&NewLine;<p>According to Joseph D&period; Giarraputo&comma; publisher and editorial director of Global Finance&comma; &OpenCurlyDoubleQuote;this year’s evaluations are more important and valuable than at any point in their 28-year history&comma; given the unprecedented economic conditions wrought by the global pandemic&period;” In his words&comma; &OpenCurlyDoubleQuote;Banks are playing a key role in economic recovery around the world&comma; and as such&comma; our Best Bank awards highlight the leaders in restoring growth and mapping a way forward&period;”<&sol;p>&NewLine;<p>Commenting on the recognition&comma; the Group Managing Director&sol;Chief Executive of Zenith Bank&comma; Mr&comma; Ebenezer Onyeagwu said&colon; &OpenCurlyDoubleQuote;This award is a strong indication of our resilience despite a very excruciating macroeconomic environment exacerbated by the COVID 19 pandemic”&period; He added that the award was made possible by the joint contributions of the bank’s key stakeholders – the Group Chairman&comma; Jim Ovia&comma; for his pioneering and foundational role in building the structures and laying the foundation for an enduring and very successful institution&comma; the Board for the deep insights and outstanding leadership they provide&comma; the staff for their commitment&comma; doggedness&comma; creativity and very outstanding talents as well as the Bank’s teeming customers for their continued support and loyalty&period;<&sol;p>&NewLine;<p>Zenith Bank has remained a clear leader in the Nigerian financial services industry&comma; distinguishing itself through unique customer experience and sound financial indices&period; The bank is also the pioneer in the digital space with several firsts in deploying innovative products and solutions that ensure convenience&comma; speed and safety of transactions&period;<&sol;p>&NewLine;<p>As a testament to its resilience and market leadership&comma; Zenith Bank recently announced an impressive result for the year ended December 31&comma; 2020&comma; with gross earnings rising by 5&percnt; to N696&period;5 billion and profit before tax &lpar;PBT&rpar; growing 5&percnt; to N255&period;9 billion&period;<&sol;p>&NewLine;<p>Consistent with this superlative performance and in recognition of its track record of exceptional performance&comma; Zenith Bank was voted as Bank of the Year &lpar;Nigeria&rpar; in The Banker’s Bank of the Year Awards 2020&comma; Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and Best Corporate Governance’ Financial Services’ Africa 2020 by the Ethical Boardroom&period; Also&comma; the bank emerged as the Most Valuable Banking Brand in Nigeria&comma; for the fourth consecutive year&comma; in the Banker Magazine &OpenCurlyDoubleQuote;Top 500 Banking Brands 2021” and Number One Bank in Nigeria by Tier-1 Capital in the &OpenCurlyDoubleQuote;2020 Top 1000 World Banks” Ranking published by The Banker Magazine&period; Similarly&comma; the bank was recognised as Bank of the Decade &lpar;People’s Choice&rpar; at the ThisDay Awards 2020&comma; Retail Bank of the year at the 2020 BusinessDay Banks and Other Financial Institutions &lpar;BOFI&rpar; Awards&comma; and Best Company in Promotion of Good Health and Well-Being as well as Best Company in Promotion of Gender Equality and Women Empowerment at the Sustainability&comma; Enterprise and Responsibility &lpar;SERAS&rpar; Awards 2020&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;