Zenith reigns on as Nigeria’s best bank
For fourth time, a leading Nigerian bank Zenith Bank Plc has been announced the Best Bank in the country for 2024.
The Bank has been winning the Global Finance Best Banks Awards since 2019.
The bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners.
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The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and banking consultants and analysts worldwide.
Factors considered in selecting the top banks ranged from the quantitative, objective to the informed subjective.
Others are 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 outgoing Group Managing Director/Chief Executive of Zenith Bank, Dr Ebenezer Onyeagwu said, “This award serves as a powerful affirmation of our resilience and tenacity despite headwinds and a very challenging macroeconomic environment.
“Indeed, it is a testament to our status as the leading financial institution in Nigeria, dedicated unwaveringly to delivering exceptional value to our stakeholders”.
Joseph D. Giarraputo, publisher and editorial director of Global Finance, said: “Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook.”
He added that, “In this ever-changing environment, the Best Bank Awards recognize the financial institutions that offer the broadest range of services, long-term reliability, and technological innovation.”
