Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the 16th consecutive year, according to the 2025 Top 1000 World Banks’ Rankings published by The Banker, Financial Times Group, United Kingdom.
The Group Managing Director/CEO of Zenith Bank Plc, Dr. Adaora Umeoji, attributed the achievement to the bank’s robust financial performance, prudent risk management, and dedication to delivering exceptional value to customers and stakeholders.
She thanked the Founder and Chairman, Jim Ovia, for his visionary leadership and the board for sound corporate governance.
Zenith Bank’s financial performance in 2024 was impressive, with a double-digit growth of 86% in gross earnings, reaching N3.97 trillion.
The bank’s profit before tax (PBT) rose by 67%, reaching N1.3 trillion. The bank declared a total dividend payout of N195.67 billion at N5.00 per ordinary share in the 2024 financial year.
Zenith Bank’s excellent performance has earned the brand numerous awards, including Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022, and 2024, and Best Bank in Nigeria from 2020 to 2022 and 2024 in the Global Finance World’s Best Banks Awards.
The bank’s Tier-1 Capital stands at $2 billion, placing it 581st globally – a reflection of its financial strength and stability.
Tier-1 capital, as defined by the Bank for International Settlements (BIS) guidelines, includes loss-absorbing capital, such as common stock, disclosed reserves, retained earnings, and minority interests in the equity of subsidiaries.
The bank’s commitment to excellence is evident in its numerous awards and recognitions. Zenith Bank’s dedication to delivering exceptional value to customers and stakeholders has earned it a reputation as one of the top banks in Nigeria.
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