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Zenith Bank Retains Position As Most Valuable Banking Brand In Nigeria

Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the Most
Valuable Banking Brand in Nigeria in the recently released Banker Magazine Top 500
Banking Brands 2020.
For the third consecutive year, Zenith Bank has been ranked as the number one banking
brand in Nigeria with a brand value of $287 million and market capitalisation of $1.62 billion,
ranking 392 in the 2020 global ranking of banks.
The ranking was published in the February 2020 edition of The Banker magazine of the
Financial Times Group in conjunction with London-based Brand Finance.
According to the publication, brand value is the licensing rate that a third-party would need
to pay to use the bank’s brand. All brand values in the report are for the year ending
December 31, 2019.
Zenith Bank has clearly distinguished itself in the Nigerian financial services industry
through superior service quality, unique customer experience and sound financial indices.
The bank, with a knack for setting the pace and raising benchmarks, is a clear leader in the
digital space with several firsts in the deployment of innovative products, solutions and an
assortment of alternative channels that ensure convenience, speed and safety of
transactions.
In an apparent show of its resilience and market leadership, Zenith Bank recently
announced an impressive result for the year ended December 31, 2019, with profit after tax
(PAT) of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the N200
billion mark.
Consistent with this excellent performance and in recognition of its track record of
exceptional performance, Zenith Bank was voted as the Best Commercial Bank in Nigeria
2019 by the World Finance and the Best Digital Bank in Nigeria 2019 by Agusto & Co. The
bank was also recognised as Bank of the Year and Best Bank in Retail Banking at the 2019
BusinessDay Banks and Other Financial Institutions (BOFI) Awards. Most recently, the bank
emerged as the Bank of the Decade (People’s Choice) at the Thisday Aw

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