Zenith Bank Wins Nigeria’s “Bank Of The Year” At The 2020 Banker’s Awards

<p>&nbsp&semi;<&sol;p>&NewLine;<p><em>Zenith Bank has emerged as Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2020<&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 <strong>Zenith<&sol;strong> Bank Plc has emerged as Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2020&period; This is coming on the heels of the awards as the Most Valuable Banking Brand in Nigeria and the Number One Bank in Nigeria by Tier-1 Capital by The Banker won earlier in the year&period;<&sol;p>&NewLine;<p>The award&comma; which was announced today by The Banker Magazine&comma; Financial Times Group&comma; United Kingdom during the virtual awards ceremony&comma; was based on individual banks’ ability to deliver returns&comma; gain strategic advantage and serve their markets&period;<&sol;p>&NewLine;<p>Regarded as the industry standard for banking excellence&comma; The Banker’s Bank of the Year awards is contested by the world&&num;8217&semi;s leading financial institutions&comma; with winners chosen across Africa&comma; Asia-Pacific&comma; Central &amp&semi; Eastern Europe&comma; Latin America&comma; the Middle East&comma; North America and Western Europe&period;<&sol;p>&NewLine;<p>Commenting on the award&comma; the Group Managing Director&sol;CEO of Zenith Bank Plc&period;&comma; Mr&period; Ebenezer Onyeagwu said that&colon; &OpenCurlyDoubleQuote;it is a thing of joy for us in Zenith Bank to have been recognized by The Banker&comma; Financial Times Group&comma; as the Bank of the Year 2020 in Nigeria&period; I dedicate this award to our staff for their commitment&comma; doggedness&comma; creativity and very outstanding talents&period; It is in the talents of our staff that the Bank has continued to build dynamic competencies and capabilities that are driving our business for continued superior performance&period;” He also expressed his gratitude to the Group Chairman&comma; Jim Ovia&comma; for the pioneering and foundational role he played 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; as well as the Bank’s teeming customers for their support which has enabled the Bank to prove to the market what it can deliver&period;<&sol;p>&NewLine;<p>Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering&comma; unique customer experience and sound financial indices&period; The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products&comma; solutions and an assortment of alternative channels 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 announced an impressive result for the year ended December 31&comma; 2019&comma; with profit after tax &lpar;PAT&rpar; of N208&period;8 billion&comma; achieving the feat as the first Nigerian Bank to cross the N200 billion mark&period; In the recently released Q3 2020 unaudited financial results&comma; the bank recorded an improved result over the corresponding period in 2019&comma; with gross earnings rising by 4&percnt; to N509 billion and profit before tax &lpar;PBT&rpar; rising marginally by 1&percnt; to N177 billion&comma; an indication of the Group’s resilience given the challenging macro-economic environment due to the Coronavirus &lpar;COVID-19&rpar; pandemic&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;