Zenith Bank Plc, Nigeria’s largest bank by Tier-1 Capital, has assured shareholders and investors that it will satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025.
The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial year.
The bank’s exposure under the Single Obligor Limit (SOL) forbearance relates solely to a single obligor, and Zenith Bank is confident that this exposure will be brought within the applicable regulatory limit on or before June 30, 2025.
The forbearance granted on other credit facilities applies to only two customers, and the bank has made substantial provisions in respect of these facilities and taken comprehensive steps to ensure full provisioning by June 30, 2025.
Zenith Bank emphasized its strong financial footing, having successfully raised and surpassed the new regulatory capital requirement of ₦500 billion. The bank is well-positioned to continue delivering value to all its key stakeholders.
With its superior service offering, unique customer experience, and sound financial indices, Zenith Bank has distinguished itself in the Nigerian financial services industry.
The bank has received numerous awards and recognition for its excellence, including being recognized as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year in the 2024 Top 1000 World Banks Ranking.
Zenith Bank has also been awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022, and 2024.
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