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Everything About Zenith Bank 2021 See History and Customer Base Sector

Filed in Articles by on April 12, 2021

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What do you know about Zenith bank? Are you looking for a bank that considers you and your business; making sure you bank with them at your own convenience? Also, having a pool of other partners to partner in your business? Zenith Bank is what you need.

In this article, we will fully highlight all you need to know about Nigerian Bank and what you stand to gain banking with them.

About Zenith Bank, History and Customer Base Sector

About Zenith Bank

Zenith Bank is a large financial service provider in Nigeria and Anglophone West Africa. It is licensed as a commercial bank by the Central Bank of Nigeria, the national banking regulator.

As of 31 December 2016, it holds ₦:4,739,825 million in total assets, with shareholders’ equity of ₦:616,353 million. The company is listed on the Nigeria Stock Exchange and the London Stock Exchange.

Vision

To become the leading Nigerian, technology-driven, the global financial institution that provides a distinctive range of financial services.

Mission

To build the zenith brand into a reputable international financial institution recognized for innovation, superior performance, and creation of premium value for all stakeholders.

Core Values

Integrity, Professionalism, Corporate Governance, Loyalty, and Excellent Service.

People, Technology, Service

Zenith Bank Plc was established in May 1990 and commenced operations in July of the same year as a commercial bank.

However, the Bank became a public limited company on June 17, 2004, and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004, following a highly successful Initial Public Offering (IPO).

Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital. In 2013, the Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE).

Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centers in all states of the federation and the Federal Capital Territory (FCT).

In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc.

More Information

Zenith Bank Plc blazed the trail in digital banking in Nigeria; scoring several firsts in the deployment of Information and Communication Technology (ICT) infrastructure to create innovative products that meet the needs of its teeming customers.

Also, the bank is verifiably a leader in the deployment of various channels of banking technology, and the Zenith brand has become synonymous with the deployment of state-of-the-art technologies in banking.

Driven by a culture of excellence and strict adherence to global best practices, the Bank has combined vision, skillful banking expertise, and cutting-edge technology to create products and services that anticipate and meet customers’ expectations; enable businesses to thrive and grow wealth for customers.

Zenith Bank Business

Zenith Bank will continue to offer specialized financial services such as Pension Management but would discontinue services in Insurance, Capital Market dealings, Trusteeship, Registrar, Mortgage, and financial advisory services in line with its decision to adopt the commercial banking license with international authorization. Their core businesses include:

  • Corporate and Investment Banking
  • Commercial and Consumer Banking
  • Personal and Private Banking
  • Trade Services and Foreign Exchange
  • Treasury and Cash Management Services
  • Other Non-Bank Financial Services mainly through subsidiaries

Customer Base

The Bank’s customer base comprises mainly corporate entities many of which are subsidiaries of multinational corporations and large indigenous companies.

Our lending strategy stresses rational procedures and transparency. As a result of this approach, the Bank’s credit portfolio has about the best asset quality in the Nigerian banking industry.

The Bank’s non-performing loans to total loans ratio have always been less than the industry average since inception and through the thick of the global financial crises in 2008/2009.

Sectors

The Bank’s customer base, which is well in excess of 1.6 million accounts, cuts across the following sectors:

  • Oil and Gas
  • Power and Infrastructure
  • ICT and Telecommunications
  • Real Estate, Building, and Construction
  • Transport, Shipping, and Aviation
  • Commodities and General Commerce
  • Entertainment

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