Zenith Bank Plc, Nigeria’s largest {bank} by Tier-1 Capital, has assured shareholders and traders of its readiness to fulfill all related situations to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The {bank} additionally expressed confidence in assembly shareholders’ dividend expectations within the 2025 {financial} 12 months.
The clarification comes on the again of heightened scrutiny of Nigerian banks’ capital well being following the brand new CBN directive that suspends dividend funds and tightens oversight for banks with excellent forbearance-related loans or breaches of the Single Obligor Restrict (SOL).
In an announcement introduced to the Nigeria Alternate (NGX) Group on Tuesday, June 17, 2025, the {Bank} acknowledged that its publicity below the Single Obligor Restrict (SOL) forbearance relates solely to a single obligor, declaring that this publicity might be introduced inside the relevant regulatory restrict on or earlier than June 30, 2025. The {bank} additionally confirmed that the forbearance granted on different credit score services applies to solely two (2) of its clients, noting that it has made substantial provisions in respect of those services and brought acceptable and complete steps to make sure full provisioning by June 30, 2025.
The {bank} additional emphasised its sturdy {financial} footing, stating that it has efficiently raised and surpassed the brand new regulatory capital requirement of N500 Billion, and is subsequently effectively positioned to proceed delivering worth to all its key stakeholders.
Zenith Bank has continued to tell apart itself within the Nigerian {financial} companies trade via superior service providing, distinctive buyer expertise and sound {financial} indices. The {bank} has remained a transparent chief within the digital area with a number of firsts within the deployment of progressive merchandise, options and an assortment of different channels that guarantee comfort, velocity and security of transactions.
The {Bank}’s monitor report of fantastic efficiency has continued to earn the model quite a few awards together with being recognised because the Quantity One {Bank} in Nigeria by Tier-1 Capital for the fifteenth consecutive 12 months within the 2024 High 1000 World Banks Rating, revealed by The Banker Journal. The {Bank} was additionally awarded {Bank} of the 12 months (Nigeria) in The Banker’s {Bank} of the 12 months Awards for 2020, 2022 and 2024; Greatest {Bank} in Nigeria from 2020 to 2022, 2024 and 2025, within the World Finance World’s Greatest Banks Awards; Greatest {Bank} for Digital Options in Nigeria within the Euromoney Awards 2023; and was listed within the World Finance High 100 World Corporations in 2023.
Additional recognitions embrace Greatest Business {Bank}, Nigeria for 4 consecutive years from 2021 to 2024 within the World Finance Banking Awards and Most Sustainable {Bank}, Nigeria within the Worldwide Banker 2023 and 2024 Banking Awards. Moreover, Zenith Bank has been acknowledged because the Greatest Company Governance {Bank}, Nigeria, within the World Finance Company Governance Awards for 2022, 2023 and 2024 and ‘Greatest in Company Governance’ {Financial} Providers’ Africa for 4 consecutive years from 2020 to 2023 by the Moral Boardroom.
The {Bank}’s dedication to excellence noticed it being named the Most Worthwhile Banking Model in Nigeria within the Banker Journal High 500 Banking Manufacturers for 2020 and 2021, {Bank} of the 12 months 2023 and 2024 on the BusinessDay Banks and Different {Financial} Establishments (BAFI) Awards, and Retail {Bank} of the 12 months for 3 consecutive years from 2020 to 2022 and in 2024 on the BAFI Awards. The {Bank} additionally obtained the accolades of Greatest Business {Bank}, Nigeria and Greatest Innovation in Retail Banking, Nigeria, within the Worldwide Banker 2022 Banking Awards.
Zenith Bank was additionally named Most Accountable Organisation in Africa, Greatest Firm in Transparency and Reporting and Greatest Firm in Gender Equality and Ladies Empowerment on the SERAS CSR Awards Africa 2024; {Bank} of the 12 months 2024 by ThisDay Newspaper; {Bank} of the 12 months 2024 by New Telegraph Newspaper; and Greatest in MSME Commerce Finance, 2023 by Nairametrics. The {Bank}’s Hybrid Provide was additionally adjudged ‘Rights Challenge/ Public Provide of the 12 months’ on the Nairametrics Capital Market Selection Awards 2025.
