Zenith Bank Plc recorded a 15% growth in its workforce in 2024 as its headcount increased from 6,681 in 2023 to 7,704.
The financial institution provided these figures in its financial report for the year ending December 31, 2024.
According to the report, women account for 53% of the workforce, while men make up the remaining 47%.
The bank’s 2024 gender analysis shows that out of its total workforce, 4,090 employees are female, while 3,614 are male while in 2023, the bank had 3,330 male employees and 3,351 female employees, indicating an almost even gender distribution.
Women now make up a slightly higher percentage (53%) of the workforce compared to an almost equal split in 2023.
The board had 14 members in 2023, with 10 males (71%) and 4 females (29%). In 2024, the total number of board members remained 14, but the male-to-female ratio shifted to 9 males (64%) and 5 females (36%).
This marks a 7% increase in female representation on the board, reflecting improved gender diversity at the highest level.
The financial report also detailed the composition of board members and top management staff, showing a male-dominated leadership structure.
The total number of board members stood at 14 in both years, with nine males representing 64% and five females making up 36% in 2024 and 10 males and 4 females in 2023. This marks a 7% increase in female representation on the board.
At the top management level, comprising Assistant General Managers to General Managers, the bank recorded a total of 92 executives in 2024, which is an increase of one from the 2023 report, with 63 males and 30 females, while in 2024, with 63 males and 29 females. This indicates that female representation saw a slight decrease of one position.
Despite a higher percentage of female employees at the bank, top management roles remain predominantly male, with men holding 68% of leadership positions.
However, the Managing Director/CEO position is currently held by a woman.