Zenith Bank Plc under Ebenezer Onyeagwu has maintained a positive rating as can be seen from the numerous awards and global recognitions the bank continues to attract, writes Oluchi Chibuzor
Tier 1 capital describes capital adequacy which is the core measure of a bank’s financial strength from a regulator’s point of view. Despite the very challenging macroeconomic environment brought about by the COVID-19 pandemic, which had a significant deleterious impact on businesses globally, Onyeagwu, who leads the bank has demonstrated that he has a midas touch considering the strong financial performance the bank continues to churn out. Rated on key parameters such as asset quality, profitability and return to investors, Zenith Bank’s track record has been impressive.
The bank places a premium on its core business strategy anchored on people, technology and service, to create value for its numerous clientele. He expressed appreciation to the Founder and Chairman of Zenith Bank Plc, Jim Ovia, for his guidance and for laying the foundation and building the structures of an enduring and successful institution; the board for the outstanding leadership they provide; the staff, whose drive and commitment sustains the exceptional performance; and the bank’s customers for their unflinching loyalty to the Zenith brand.
The bank launched the non-oil export seminar in 2017, as an initiative to deepen the discourse on promoting the non-oil export business in Nigeria. Highlighting some of the salient outcomes of the past six Zenith Bank Annual International Trade Seminar editions, Onyeagwu noted that previous editions’ outcomes have found expression and influenced policy initiatives.
In his goodwill message, Ovia called for a concerted effort towards diversifying Nigeria’s export base through the promotion of non-oil exports.