The award, which was announced by The Banker Magazine, Financial
Times Group, United Kingdom, during the awards ceremony held in London on December
4, 2024, is in recognition of the bank’s strong management, sound business model and
strategy, and approach to sustainability and ESG banking practices.
The Banker's ‘Bank of the Year’ accolade is among the most coveted and widely regarded
award in the banking industry. Often contested by the world’s leading financial institutions,
the winners span across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the
Middle East, North America and Western Europe.
Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank
Plc, Dame (Dr.) Adaora Umeoji, OON, said “We are delighted and honored to have been
recognized as the Bank of the Year, Nigeria in The Banker’s Bank of the Year Awards 2024.
This award is a testament to the unwavering trust and loyalty of our esteemed customers,
the unparalleled leadership and guidance of the Board and Management as well as the hard
work and dedication of our staff. It also reflects our bank's steadfast commitment to
delivering excellent services to our customers and contributing to the growth and
development of the Nigerian economy. We will continue to invest in innovative technologies,
expand our range of products and services, and maintain our commitment to exceptional
customer service in order to sustain our position as Nigeria’s Number One Bank.” She
lauded the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, for his visionary role
in laying the foundation for a reputable, dominant and globally recognised financial
institution known for innovation, superior performance, and the creation of premium value
for all stakeholders.
In November 2024, Zenith Bank commissioned its Paris Branch following the granting of the
final approval by France’s banking regulator, the Autorité de Contrôle Prudentiel et de
Résolution (ACPR). This is part of the bank’s global expansion strategy, and its commitment
to serving clients wherever their businesses are around the world.
Zenith Bank has continued to earn numerous awards, with this latest accolade coming on
the heels of several recognitions. These include being recognised as the Number One Bank
in Nigeria by Tier-1 Capital for the fifteenth consecutive year in the 2024 Top 1000 World
Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank
of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most
Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards.
Further recognitions include Best Bank in Nigeria for four years from 2020 to 2024 in the
Global Finance World’s Best Banks Awards and Best Commercial Bank, Nigeria for four
consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally,
Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in
the World Finance Corporate Governance Awards for 2022, 2023 and 2024 and ‘Best in
Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to
2023 by the Ethical Boardroom.
The Bank’s commitment to excellence saw it being named the Most Valuable Banking
Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, and
Retail Bank of the Year for three consecutive years from 2020 to 2022 as well as Bank of
the Year, 2023 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
The Bank also received the accolades of Best Commercial Bank, Nigeria and Best
Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.
Zenith Bank was named Bank of the Decade (People’s Choice) at the ThisDay Awards
2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New
Telegraph Newspaper, Best in MSME Trade Finance, 2023 by Nairametrics and Most
Responsible Organisation in Africa 2021 by SERAS Awards.
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