By Collins Nweze
ZENITH Bank Plc was awarded the Best Bank in Nigeria, announced the Global Finance Magazine 2020 Best Banks in the World Award.
The award, which was published in this month's issue of the magazine, was based on the performance of banks in their respective regions and countries from January 1 to December 31, 2019.
Global Finance's "Best Banks in the World" are recognized among the most influential business / finance and business professionals in the world as the most coveted and credible awards in the banking industry. The winners are chosen from over 150 countries in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe.
Founded in 1987, Global Finance regularly selects the best performers among banks and other financial service providers, and awards have become a trusted standard of excellence for the global financial community.
Commenting on the recognition, Ebenezer Onyeagwu, Managing Director of the Group / Zenith Bank, said the award was a clear demonstration of the bank's market leadership, brought about by its superior product offerings, the best service in its category and the best in its category. range of technologies that create value for our customers.
Zenith Bank has clearly distinguished itself in Nigeria's financial services sector through superior service quality, unique customer experience and solid financial ratios. The bank, with a special talent for setting the pace and raising benchmarks, is a clear leader in the digital space, with several innovations in the implementation of innovative products, solutions and a variety of alternative channels that guarantee convenience, speed and security in transactions.
As proof of its resilience and market leadership, Zenith Bank announced the result for the year ended December 31, 2019, with a profit after tax (PAT) of N208.8 billion, achieving the feat as the first Nigerian bank to cross the brand N200 billion.
In the unaudited financial results for the first quarter of 2020, recently released, the bank also recorded an improved result in the corresponding period in 2019, with gross profit increasing by 6%, to N166.8 billion, and profit before taxes (PAT ) growing by 3% to N58.8 billion.