Adaora Umeoji, a top executive at Zenith Bank, has outlined the bank’s strategic vision and financial goals at a recent investors’ forum. The bank plans to drive financial inclusion, expand corporate and retail banking, and leverage advanced technology to enhance its operations.
Key highlights from the event include:
– The launch of ZenPay, a fintech subsidiary aimed at revolutionizing digital payments
– Expansion into France and the Francophone African region, solidifying the bank’s pan-African footprint
– A capital raise of N230 billion to support the bank’s growth initiatives
– A strong financial position, with tier-1 capital of N1.8 trillion, shareholders’ funds of N2.3 trillion, and market capitalization of N1.3 trillion
– An impressive profit after tax of N796 billion as of December 2023
– A Compound Annual Growth Rate (CAGR) in revenue exceeding 27% over the past five years, demonstrating the bank’s consistent growth trajectory
With this strategic roadmap, Zenith Bank is poised for continued success and market leadership in the banking industry.
