Zenith Bank is balancing the scorecard with ESG policies | naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
In just over 30 years, Zenith Bank has grown to become Nigeria’s largest – and one of Africa’s largest – financial institutions by tier-1 capital, with shareholders’ funds in excess of NGN1trn ($2.6bn) as of December 31, 2020. A clear leader in the Nigerian financial space, with several firsts in the deployment of innovative products and solutions that ensure convenience, speed and safety of transactions, Zenith Bank has shaped development in Nigeria, setting the pace in several sectors of the economy.
The bank has demonstrated rare resilience and doggedness that has translated to exponential growth in virtually all areas, and today, Zenith is undoubtedly Nigeria’s most profitable financial institution, recording an impressive result for the year ending December 31, 2020, with a year-on-year growth of 10 percent in profit after tax (PAT) from NGN208.8bn ($547m) recorded in 2019 to NGN230.7bn ($607m). This is in spite of a very challenging macroeconomic environment exacer