Zenith Bank Plc, Nigeria’s largest lender by Tier-1 capital, has moved to reassure shareholders and investors of its financial strength and commitment to continued dividend payments, even as it works to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance framework by June 30, 2025.
The assurance comes in response to growing concerns over the health of Nigerian banks following recent directives from the CBN suspending dividend payments for institutions with unresolved breaches—particularly those involving Single Obligor Limit (SOL) violations and loans under forbearance.
In a statement filed with the Nigerian Exchange (NGX) Group on Tuesday, June 17, Zenith Bank clarified that its exposure under the SOL forbearance is tied to a single customer. The bank said it is actively taking steps to bring the exposure within regulatory limits before the end-of-June deadline.
Additionally, the bank explained that only two customers are involved in loans currently under forbearance. Substantial provisions have already been made for these loans, and efforts are underway to ensure they are fully resolved in line with regulatory expectations.
Zenith Bank also disclosed that it has successfully raised capital above the new N500 billion minimum threshold set by the CBN. This places the bank in a strong position not only to meet regulatory requirements but also to continue rewarding shareholders.
Despite a challenging operating environment, the bank emphasized its resilience and longstanding commitment to delivering value. It highlighted its leadership in digital banking, customer service, and innovation, which continue to set it apart in the Nigerian financial landscape.
Zenith Bank’s performance over the years has earned it numerous industry recognitions. It has consistently ranked as the number one Nigerian bank by Tier-1 capital for 15 years running, according to The Banker magazine. Other accolades include multiple ‘Bank of the Year’ titles from The Banker, BusinessDay, and New Telegraph, as well as recognition for excellence in digital solutions, sustainability, governance, and customer service.
Among the awards in its cabinet are:
Best Bank in Nigeria (2020–2025) by Global Finance
Most Sustainable Bank (2023, 2024) by International Banker
Best Commercial Bank (2021–2024) by World Finance
Best in Corporate Governance in Africa (2020–2023) by Ethical Boardroom
Most Valuable Banking Brand in Nigeria (2020, 2021) by The Banker
Best Company in Gender Equality and CSR by SERAS CSR Awards Africa (2024)
Zenith Bank’s strong track record and transparent corporate practices continue to reinforce its position as a trusted brand in the financial services sector. With a solid capital base, prudent risk management, and an eye on long-term growth, the bank says it remains committed to creating value for shareholders while supporting Nigeria’s broader economic stability.
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