Zenith Emerges Best Bank in Nigeria Back-to-Back thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Goddy Egene
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31, 2020.
The shareholders commended the board and management of the bank for the improved financial results and dividend payment, which translated to N3.00 per share. An interim dividend of N0.30 was paid last year while a final dividend of N2.70 was recommended and would be paid after the approval by the shareholders.
The shareholders were excited that despite a challenging macroeconomic environment exacerbated by the COVID-19 pandemic, Zenith Bank Plc posted gross earnings of N696.5 billion, which showed an increase of 5 per cent from N662.3 billion reported in the previous year.
Zenith Bank Shows Resilience as Profit Hits N231bn thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Zenith Bank has emerged the “Most Valuable Banking Brand” in Nigeria for the fourth consecutive year.
It is the only Nigerian bank among the first 400 in the global ranking by the Banker Magazine’s Top 500 Banking Brands 2021.
With a bran value of $275 million, Zenith moved up two places from 392 in 2020 to 390 in the 2021 global ranking of banks.
The ranking was published in the February 2021 edition of The Banker Magazine of the Financial Times Group in conjunction with London-based Brand Finance.
According to the publication, brand value is the licensing rate that a third-party would need to pay to use the bank’s brand.