Zenith Bank Plc, Nigeria’s leading financial institution,
has again emerged as the Most Valuable Banking Brand in Nigeria in the recently
released Banker Magazine Top 500 Banking Brands 2020.
For the third consecutive year, Zenith Bank has been ranked
as the number one banking brand in Nigeria with a brand value of $287 million
and market capitalisation of $1.62 billion, ranking 392 in the 2020 global
ranking of banks.
Zenith Bank declares 30 kobo per share dividend
The ranking was published in the February 2020 edition of The
Banker magazine of the Financial Times Group in conjunction with London-based
Brand Finance.
According to the publication, brand value is the licensing
rate that a third-party would need to pay to use the bank’s brand. All brand
values in the report are for the year ending December 31, 2019.
Zenith Bank has clearly distinguished itself in the Nigerian
financial services industry through superior service quality, unique customer
experience and sound financial indices. The bank, with a knack for setting the
pace and raising benchmarks, is a clear leader in the digital space with
several firsts in the deployment of innovative products, solutions and an
assortment of alternative channels that ensure convenience, speed and safety of
transactions.
In an apparent show of its resilience and market leadership,
Zenith Bank recently announced an impressive result for the year ended December
31, 2019, with profit after tax (PAT) of N208.8 billion, achieving the feat as
the first Nigerian Bank to cross the N200 billion mark.
Consistent with this excellent performance and in
recognition of its track record of exceptional performance, Zenith Bank was
voted as the Best Commercial Bank in Nigeria 2019 by the World Finance and the
Best Digital Bank in Nigeria 2019 by Agusto & Co. The bank was also
recognised as Bank of the Year and Best Bank in Retail Banking at the 2019
BusinessDay Banks and Other Financial Institutions (BOFI) Awards. Most
recently, the bank emerged as the Bank of the Decade (People’s Choice) at the
Thisday Awards 2020.
