Zenith Bank Is Four-Time Winner Of Nigeria’s Best Bank At 2024 Global Finance Awards

Zenith  Bank Plc has been named the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, the fourth time in a row. The bank was one of 36 African banks recognised by the prestigious Global Finance in its 31st Annual Best Bank Awards Winners announcement.

Global Finance’s editors made the selections after extensive consultations with corporate financial executives, bankers, banking consultants, and analysts around the world. The top banks were chosen based on a variety of criteria, ranging from quantitative to informed subjective. Asset growth, profitability, geographic reach, strategic relationships, new business development, and product innovation were all considered as objective criteria. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants, and other industry professionals.

Dr Ebenezer Onyeagwu, Zenith Bank’s outgoing Group Managing Director/Chief Executive, commented on the award, saying, “This award serves as a powerful affirmation of our resilience and tenacity despite headwinds and a very challenging macroeconomic environment.” Indeed, it is a testament to our position as Nigeria’s leading financial institution, committed to providing exceptional value to our stakeholders.” He thanked the founder and chairman, Jim Ovia, CFR, for his exceptional vision and critical role in establishing a resilient and enduring financial institution. He also praised the board for their astute insights and exemplary leadership, the staff for their unwavering commitment, and the customers for their staunch loyalty to the Zenith brand.

According to Joseph D. Giarraputo, publisher and editorial director of Global Finance, banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook. He went on to say “In this ever-changing environment, the Best Bank Awards recognise the financial institutions that offer the broadest range of services, long-term reliability, and technological innovation.”

Global Finance’s “Best Banks Awards” are regarded as the most coveted and credible awards in the banking industry by the world’s most influential banking/finance and corporate professionals, with winners selected from 150 countries and territories across Africa, AsiaPacific, the Caribbean, Central America, Central and Eastern Europe, Latin America, the Middle East, North America, and Western Europe.

Global Finance, founded in 1987, regularly selects the best performers among banks and other financial service providers, and the awards have become a trusted standard of excellence for the global financial community.

Zenith Bank’s track record of excellent performance has earned the brand numerous awards, including being recognised as the Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; being listed in the World Finance Top 100 Global Companies in 2023; being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 14th consecutive year, in the 2023 Top 1000 World Banks Ranking published by The Banker Magazine; Best Commercial Bank, Nigeria, for World’s Best Banks Awards; Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom; Most Sustainable Bank, Nigeria in the International Banker 2023 Banking Awards; Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria in the International Banker 2022 Banking Awards.

In addition, the bank was named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021; Bank of the Year 2023; and Retail Bank of the Year for three years in a row from 2020 to 2022 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Zenith Bank has also been 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, and Most Responsible Organisation in Africa 2021 by SERAS Awards.