Zenith Bank Plc has been named the “Best Bank in Nigeria” for 2025 by Global Finance magazine, marking the fifth time in six years the bank has received this accolade.
The award recognizes Zenith Bank's exceptional performance in a challenging economic environment, highlighting its strong financial results and commitment to innovation. In 2024, the bank reported a 67% increase in profits, reaching $864.4 million, and a 45% rise in deposits to $14.3 billion. The bank also maintained a non-performing loan ratio of 4.7%.
Global Finance's selection process involved consultations with corporate finance executives, bankers, analysts, and consultants worldwide. Criteria included asset growth, profitability, strategic relationships, product innovation, and geographic reach.
Zenith Bank's Group Managing Director and CEO, Adaora Umeoji, expressed gratitude for the recognition, attributing the success to the bank's commitment to exceptional customer service, innovative solutions, and strong corporate governance. She also acknowledged the contributions of the bank's founder, Jim Ovia, the board, staff, and loyal customers.
This award adds to Zenith Bank's impressive list of accolades, including being ranked the number one bank in Nigeria by Tier-1 Capital for 15 consecutive years by The Banker magazine and receiving the Bank of the Year (Nigeria) award from The Banker in 2020, 2022, and 2024.
Zenith Bank's consistent recognition underscores its position as a leading financial institution in Nigeria and its commitment to excellence in the banking industry.
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