For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate
Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom.
The award, which
was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in
recognition of the bank’s adherence to global best practices and institutionalization of
corporate governance, setting an industry-wide example of best practices in that field.
Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank
Plc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has been
awarded the Ethical Boardroom Corporate Governance Award as a regional governance
champion for the fourth year running. No doubt, the bank’s board has pioneered the
exemplary governance culture for which we are now renowned. Indeed, this recognition
reflects our steadfast commitment, discipline and high ethos in the conduct of our business
and dedication to the principles of good corporate governance.
This award will motivate us
to strengthen this culture internally and advocate for good governance at every forum”.
He dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for providing
the template for an enduring and very successful institution; the Board for their vision and
outstanding leadership; the staff for their dedication and commitment; and the bank’s
customers for their unwavering loyalty to the brand.
Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth
coverage and critically-astute analysis of global corporate governance issues to help boards
stay ahead of the governance curve.
Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the
Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. The
bank continues to sustain this reputation and reappraise its processes to ensure that its
business conforms to the highest global standards at all times.
The bank’s track record of excellent performances has continued to earn it numerous
awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for
the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The
Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards
2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the
Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022
in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the
World Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and
Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards.
Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker
Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three
consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial
Institutions (BAFI) Awards. Similarly, Zenith Bank was named as 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.