However, Zenith Bank, under the leadership of Onyeagwu, has maintained its leadership position in the banking industry.
In rising to the occasion, Onyeagwu has demonstrated that he has the wherewithal to supervise a management that will continue to deliver strong financial performance that the bank has been churning out.
A careful analysis of key parameters such as asset quality, profitability and return to investors, Zenith Bank’s track record has been impressive.
The numbers indicate that the bank is a clear market leader, growing its total assets and net income by an annual average of 15.7 percent and 15.5 percent over the last five years, according to the latest banking report released by Coronation Merchant Bank.
MONEY
Regardless of the challenging macroeconomic environment brought about by the COVID-19 pandemic among others, Zenith Bank under the leadership of its Group Managing Director, Ebenezer Onyeagwu, has maintained its leadership position, writes Oluchi Chibuzor
Last month made it two years since Mr. Ebenezer Onyeagwu assumed the position of Group Managing Director/CEO of Zenith Bank Plc.
Despite the very challenging macroeconomic environment brought about by the COVID-19 pandemic, which had a significant deleterious impact on businesses globally, Onyeagwu has demonstrated that he has a midas touch considering the strong financial performance the bank continues to churn out.
Rated on key parameters such as asset quality, profitability and return to investors, Zenith Bank’s track record has been impressive.
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By Nume Ekeghe
Zenith Bank Plc has been ranked as the number one bank in Nigeria by tier-1 capital in the 2021 Top 1000 World Banks’ Ranking published by The Banker Magazine, a publication of the Financial Times Group of the United Kingdom.
The bank, with a tier-1 capital of $2.64 billion, retained its ranking as the number one tier-1 bank in Nigeria for the third consecutive year.
It, however, emerged as the 454th bank globally and the only Nigerian bank in the top 500.
The bank, in a statement yesterday, said the ranking, which was published in July 2021 edition of the magazine, was based on the 2020 year-end tier-1 capital of banks globally.
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Published 17 June 2021
Zenith Bank Plc says it has been recognised by the Ethical Boardroom for the second consecutive year for its adherence to global best practices and institutionalisation of corporate governance.
The bank said this on Wednesday in a statement titled ‘Zenith Bank named Best Corporate Governance ‘Financial Services’ in Africa 2021’.
It stated that the award, which was published in the June 2021 edition of The Ethical Boardroom magazine, was in recognition of the bank’s adherence to global best practices and institutionalisation of corporate governance, setting an industry-wide example of best practices in that field.
Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank, Mr Ebenezer Onyeagwu, said, “This recognition is a testament to our commitment to quality, accountability, fairness and transparency in our engagement with all stakeholders.”