For the fifth time in six years, Zenith Bank Plc has been declared as the Best Bank in Nigeria by Global Finance at its 2025 Best Banks Awards.
The event, in its 32nd edition, honoured financial institutions from 150 countries and territories across Africa, Asia Pacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.
Zenith Bank was clinched its award category because of its topnotch services to customers in the country. It also won because it managed its assets and liabilities in a savvy way despite the fast-changing interest rate scenarios.
According to the editors of Global Finance, Zenith Bank and others were selected after extensive consultations with corporate financial executives, bankers and banking consultants, as well as analysts worldwide.
Factors considered in selecting the top banks ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
“Global banking continues to adapt and evolve, meeting challenges and capitalizing on opportunities with resilience and innovation.
“AI has quickly taken a pivotal role in the transformation of banking, and its growth promises to reshape the financial sector at an unprecedented pace.
“Global Finance’s Best Bank Awards honor financial institutions that excel in diversity of offerings, long-term stability, and technological innovation,” the publisher and editorial director of Global Finance, Mr Joseph D. Giarraputo, stated.
Commenting on the recognition, the chief executive of Zenith Bank, Ms Adaora Umeoji, said, “We are thrilled to retain our position as the Best Bank in Nigeria for the fifth year since 2020.
“This achievement is a testament to our unwavering commitment to delivering exceptional customer service, innovative financial solutions and dedication to serving our customers with efficiency and a strong focus on corporate governance.
“We will continue to invest in our people, technology and processes to ensure that we consistently maintain the highest level of service delivery.”