Zenith Bank Plc has been recognized as the 'Bank of the Year' and 'Retail Bank of the Year' at the 2024 Businessday Banks and Other Financial Institutions (BAFI) Awards.
This prestigious honor marks the second consecutive year that Zenith Bank has secured the 'Bank of the Year' title. The award ceremony was held at the Lagos Continental Hotel, Victoria Island, Lagos on Friday, October 25, 2024.
The BAFI Awards have established themselves as a standard of excellence within Nigeria’s financial services sector, acknowledging and celebrating organizations, teams, and individuals who demonstrate outstanding performance in delivering financial services to a diverse clientele.
In response to these accolades, Dame (Dr.) Adaora Umeoji, OON, Group Managing Director/CEO of Zenith Bank Plc, stated, “We are truly honored to receive the titles of ‘Bank of the Year’ and ‘Retail Bank of the Year’ at the BAFI Awards 2024. These awards reflect our commitment to customer satisfaction, sustainable growth, and innovation.
They also highlight our resilience and adaptability as a dynamic brand capable of thriving in the constantly changing financial environment.” She dedicated these honors to the Founder and Chairman, Dr. Jim Ovia, CFR, whose visionary leadership has been crucial in fostering a robust and successful institution, as well as to the board for their strategic guidance, the staff for their unwavering dedication to maintaining the bank's leadership in the industry, and the customers for their steadfast loyalty to the Zenith brand.
Zenith Bank has consistently demonstrated outstanding performance, earning the brand a multitude of awards, with the latest honors following a series of recognitions. Notably, the bank has been named the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, as published by The Banker Magazine.
Additionally, it received the Bank of the Year (Nigeria) award in The Banker’s Bank of the Year Awards for both 2020 and 2022, along with the title of Most Sustainable Bank in Nigeria for 2023 and 2024 at the International Banker Banking Awards.
Further accolades include being recognized as the Best Bank in Nigeria for four out of five years, specifically from 2020 to 2022 and again in 2024, in the Global Finance World’s Best Banks Awards. The bank has also been awarded Best Commercial Bank in Nigeria for four consecutive years, from 2021 to 2024, in the World Finance Banking Awards.
Moreover, Zenith Bank has been honored as the Best Corporate Governance Bank in Nigeria for three consecutive years, from 2022 to 2024, and recognized as the ‘Best in Corporate Governance’ in Financial Services Africa for four consecutive years, from 2020 to 2023, by the Ethical Boardroom.
The bank's dedication to excellence has led to its recognition as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, as well as Retail Bank of the Year for three consecutive years, from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
Zenith Bank has also garnered accolades such as Best Commercial Bank in Nigeria and Best Innovation in Retail Banking in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.