Zenith Bank

Zenith Bank

Infobox Company
name = Zenith Bank Plc.

type = Public limited company
genre =
foundation = May 1990
founder =
location_city = Victoria Island, Lagos
location_country = Nigeria
location =
locations =
area_served = Ghana, Nigeria, Sierra Leone, South Africa, UK
key_people = Jim Ovia, CEO
Macaulay Pepple, Chairman
industry = Finance
services = Banking
revenue = profit 89.2 billion [http://zenithbank.com/financialgraph.cfm]
operating_income =
net_income = profit 17.2 billion
assets = 1.2 trillion
num_employees = 3,911
subsid = Zenith Insurance, Zenith Pension Custodian, Zenith Securities, Zenith Bank Ghana, Zenith Bank UK, Zenith Trust Company, CyberSpace Networks
homepage = [http://www.zenithbank.com www.ZenithBank.com]

Zenith Bank Plc. (ZETH.LG) [cite news |first= |last= |authorlink= |coauthors= |title= Nigerian Zenith bank shares suspended before offer |url=http://africa.reuters.com/country/NG/news/usnL01306420.html |work=Reuters Africa |publisher= Reuters |date= 2007-11-01 |accessdate=2007-11-12 ] 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).cite news |first=Linda |last=Eroke |title=Zenith Emerges African Bank of the Year |url=http://www.thisdayonline.com/nview.php?id=94699 |work=Thisday online |publisher=Leaders & Company |date= 2007-11-08|accessdate=2007-11-12 ] In addition to Nigeria, the bank has branches in Ghana, Sierra Leone, South Africa, and the United Kingdom.

History

Zenith Bank was established in May 1990. It became a public limited company in July 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. [cite web |url=http://www.zenithbank.com/awards.cfm |title=Awards & Achievements |accessdate=2007-11-12 |format= |work= |publisher=Zenith Bank Plc]

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. [cite web |url= http://www.zenithbank.com/managementteam.cfm|title= Management Team|accessdate=2007-11-12 |work= |publisher=Zenith Bank Plc] Macaulay Pepple is chairman of the board. [cite news |first=Isaac |last=Anumihe |title= Zenith Bank declares N18bn profit |url= http://www.sunnewsonline.com/webpages/news/national/2007/aug/23/national-23-08-2007-005.htm |work=The Sun News On-line |publisher=The Sun Publishing |date= 2007-08-23 |accessdate=2007-11-12 ] [cite web |url= http://www.zenithbank.com/chairmanstatement.cfm |title=Chairman's Statement |accessdate=2007-11-12 |work= |publisher=Zenith Bank Plc]

The company has a total of 3,911 employees. [cite web |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=10779890 |title= Zenith Bank Plc |accessdate=2007-11-12 |work=BusinessWeek online |publisher=McGraw-Hill]

Awards won

*2007 African Bank of the Year (awarded by "African Investor" magazine) [cite news |first= Ayeleso |last=Oladele |title= Zenith Bank wins African Bank of the Year award |url=http://www.tribune.com.ng/09112007/news/news13.html |work=Nigerian Tribune |publisher= African Newspapers of Nigeria|date=2007-11-09 |accessdate=2007-11-12 ]
*2007 Quoted Company of the Year (awarded by Nigerian Stock Exchange)
*2007 Socially Responsible Bank of the Year (awarded by "African Banker" magazine) [cite news |first=Ade |last= Ogidan |title=Nigerian banks emerge Africa's best |url= http://www.nas-int.org/index.php?option=com_content&task=view&id=224&Itemid=1 |work= The Guardian |publisher= National Association of Seadogs|date= 2007-10-22|accessdate=2007-11-12 ]
*2005 Most Respected Bank in Nigeria (awarded by PricewaterhouseCoopers)
*2005 Bank of the Year (awarded by "The Banker" magazine)

References

External links

* [http://www.zenithbank.com/ Corporate website]
*cite news |first=Hilda |last=Esin |title= Zenith Bank Partners UNITeS on ICT Youth Empowerment|url= http://www.thisdayonline.com/nview.php?id=94543|work=Thisday online |publisher=Leaders & Company |date= 2007-11-07 |accessdate=2007-11-12


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