|
|
|
Zenith wins
two clearing house awards
For the third year running, Zenith Bank Plc has won two major
awards for outstanding performance at the Clearing House, again
confirming the bank’s leadership in the use of cutting edge
information and communication technology (ICT) to deliver first
rate banking service. The awards, for ‘Error Free Transmission
of Clearing Data’ and ‘Punctuality’ were handed out to the bank
over the weekend at an event jointly organized by the Central
Bank of Nigeria (CBN) and the Nigeria Inter Bank Settlement
System (NIBSS). All the 24 banks operating in the Lagos Bankers
Clearing House of the Central Bank of Nigeria (CBN) were
considered for the award, with Zenith again proving its
superiority in the timeliness and reliability of its returns to
the Clearing House. Zenith had won the two awards in the 2006
year after it was reintroduced, a feat that was repeated in the
2007.
The two well regarded awards are coveted by all the banks in the
Clearing House as they represent a testimony to the winning
bank’s culture of service excellence. In the error free
category, Access Bank and GTBank came second and third
respectively while Ecobank and Sterling Bank were runners up in
the punctuality category. Zenith Bank Plc is one of the biggest
and most profitable banks in the country with gross earnings of
N208.29 billion for the financial year ending September 2008, up
by a remarkable 120 per cent over the N94.88 billion recorded
last year. The bank’s full year results for the period showed
that the bank remains a market leader with total assets plus
contingents jumping by 98 per cent to N2.512 trillion, up from
N1.271 trillion and shareholders funds of N346.6 billion, a 198
per cent rise from N116.4 the previous year while profit before
tax rose by 119 per cent to N56.118 billion from N25.676 billion
while profit after tax jumped 177 per cent to N51.992 billion
from N18.779 billion in the previous year. Equally impressive,
is the 198 per cent growth in shareholders funds, up from
N116.454 billion to N346.617 billion.
<<Back
|
|
