Zenith Bank

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Zenith Bank Plc.
Type Public limited company
Founded May 1990
Headquarters Victoria Island, Lagos, Nigeria
Area served Ghana, Nigeria, South Africa, UK
Key people Jim Ovia, CEO
Macaulay Pepple, Chairman
Industry Finance
Services Banking
Employees 3,911
Subsidiaries Zenith Insurance, Zenith Pension Custodian, Zenith Securities, Zenith Bank Ghana, Zenith Bank UK, Zenith Trust Company, CyberSpace Networks
Website www.ZenithBank.com

Zenith Bank Plc. (ZETH.LG)[1] is a Nigerian bank based in Victoria Island, Lagos. As of November 2007, it is the largest company in the country and in all of West Africa, with total assets of ₦1.27 trillion (US$10.02 billion).[2] In addition to Nigeria, the bank has branches in Ghana, South Africa, and the United Kingdom.[2]

Contents

[edit] History

Zenith Bank was established in May of 1990. It became a public limited company in June of 2004, and had an initial public offering on the Nigerian Stock Exchange (NSE) on October 21 of that year. Also in 2004, credit rating agency Fitch Ratings identified its credit as AA- on their long-term scale.[3]

[edit] Employees

Jim Ovia is the company's chief executive officer, Godwin Emefiele is Deputy Managing Director, and Peter Amangbo, Apollos lkpobe, Elias Igbin-Akenzua, and Udom Emmanuel are Executive Directors.[4] Macaulay Pepple is chairman of the board.[5][6]

The company has a total of 3,911 employees.[7]

[edit] Awards won

  • 2007 African Bank of the Year (awarded by African Investor magazine)[2][8]
  • 2007 Quoted Company of the Year (awarded by Nigerian Stock Exchange)[2]
  • 2007 Socially Responsible Bank of the Year (awarded by African Banker magazine)[9]
  • 2005 Most Respected Bank in Nigeria (awarded by PricewaterhouseCoopers)[2]
  • 2005 Bank of the Year (awarded by The Banker magazine)[2]

[edit] References

  1. ^ "Nigerian Zenith bank shares suspended before offer", Reuters Africa, Reuters, 2007-11-01. Retrieved on 2007-11-12. 
  2. ^ a b c d e f Eroke, Linda. "Zenith Emerges African Bank of the Year", Thisday online, Leaders & Company, 2007-11-08. Retrieved on 2007-11-12. 
  3. ^ Awards & Achievements. Zenith Bank Plc. Retrieved on 2007-11-12.
  4. ^ Management Team. Zenith Bank Plc. Retrieved on 2007-11-12.
  5. ^ Anumihe, Isaac. "Zenith Bank declares N18bn profit", The Sun News On-line, The Sun Publishing, 2007-08-23. Retrieved on 2007-11-12. 
  6. ^ Chairman's Statement. Zenith Bank Plc. Retrieved on 2007-11-12.
  7. ^ Zenith Bank Plc. BusinessWeek online. McGraw-Hill. Retrieved on 2007-11-12.
  8. ^ Oladele, Ayeleso. "Zenith Bank wins African Bank of the Year award", Nigerian Tribune, African Newspapers of Nigeria, 2007-11-09. Retrieved on 2007-11-12. 
  9. ^ Ogidan, Ade. "Nigerian banks emerge Africa's best", The Guardian, National Association of Seadogs, 2007-10-22. Retrieved on 2007-11-12. 

[edit] External links

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