Zenith Bank’s unaudited 9M-19 results show 4.5% y/y jump in profitability
Recently released Zenith Bank Plc’s unaudited 9M-19 results, which analysts at Codros Capital and others say are in line with expectations, see gross earnings grew by 3.5% y/y with supports by non-funded income as interest income growth has remained weak…
Investment in digital infrastructure holds Nigeria’s Industrial Revolution 4.0—Amangbo
The immediate former Group Managing Director/CEO, Zenith Bank Plc, Peter Amangbo, has called for massive investments in digital infrastructure, arguing that only such move can effectively situate Nigeria’s quest for the Fourth Industrial Revolution. Speaking as his lead presentation at…
Banks’ making more profits from fintech adoption than physical branches—Akano
Upon the trending fears that payment service providers relying on financial technology (FintTech) are becoming serious threats to conventional banks in Nigeria, latest findings have shown that banks earned more revenue in the last financial year from adoption of FinTechs….
Zenith Bank posts N57.3bn, a 6.1% jump from 2018 PBT in Q1, 2019
Upon slowing economic environment and the 2019 general election build up shocks, leading Tier I financial institution, Zenith Bank Plc has posted a Profit Before Tax (PBT) of N57.3 billion in its first quarter (Q1) operations, presenting a 6.1 per…
Zenith Bank’s Amangbo handovers to incoming Ebenezer Onyeagwu June 1
In a terse notice sent to the Nigerian Stock Exchange (NSE) on Monday, Zenith Bank Plc has appointed Mr Ebenezer Onyeagwu as its new Managing Director and Chief Executive Officer to replace retiring Peter Amanbgo effective June 1. While noting…
Zenith targets Nigeria’s most electronic banking giant in 5 years—Amangbo
The management of Tier 1 financial giant, Zenith Bank Plc has vowed to turn the table in becoming Nigeria’s most digital bank in the next five years. Rolling out planned strategic investments in modern banking technology, the bank at its…
Zenith Bank notifies customers on weekly deduction of S’Duty on transactions
Zenith Bank Plc weekend notified all its customers on the flag off of weekly deductions of cumulative sums of N50 Stamp Duty paid per transaction both e-transactions and over the counter deals. Business Hilights recalls that banks had been under…
Zenith Bank plans to raise retail loans to four percent in 2019—Amangbo
Leading Tier 1 financial giant, Zenith Bank Plc has given fresh indication that it is planning to up its retail loans as a percentage of total credit to about four per cent this year from less than one per cent…
We don’t have any need at Zenith Bank to talk about raising capital—Amangbo
Group Managing Director of Zenith Bank Plc., Mr Peter Amangbo has once again reaffirmed the supremacy of the bank in terms of capital adequacy ratio and other forms of distress signal hovering around in some banks now. Speaking in an…
Novel management ideas do not necessarily come from bankers’—Zenith CEO
The Group Managing Director/CEO of Zenith Bank Plc, Mr. Peter Amangbo, has averred that in banking management and corporate development, “experience has shown me that it is not necessarily the bankers that will give you the appropriate challenge or novel…
