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Shareholders of Zenith Bank Plc, astatine the 34th Annual General Meeting (AGM) held astatine the Civic Centre, Victoria Island, Lagos, connected Tuesday, April 29, 2025, approved the projected last dividend outgo of NGN4.00 per share, bringing the full dividend for the 2024 fiscal twelvemonth to NGN5.00 per share, with a full worth of NGN195.67 billion.
The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, thanked the shareholders for their unflinching enactment and commitment, which person been liable for the bank’s stellar show implicit the years. He noted that contempt challenges globally successful 2024, Zenith Bank was capable to leverage the opportunities wrong the situation of each subsidiary to grounds a show that solidly attests to the bank’s resilience arsenic a brand.
The Group Managing Director/Chief Executive Officer, Dame Dr. Adaora Umeoji, OON, expressed her appreciation to the shareholders for their committedness and support, promising quantum leap successful dividends going forward. According to her, “This is the archetypal clip that I americium addressing the Annual General Meeting (AGM) successful my capableness arsenic the archetypal pistillate GMD/CEO of Zenith Bank. I would similar to convey you for your assurance and enactment that has placed maine successful this presumption today”. She further said that “Zenith Bank is committed to, not lone gathering your expectations, but exceeding them. We are focused connected moving a precise businesslike and sustainable instauration that is resilient and volition guarantee that our instauration outlives galore generations to come”. Talking specifically astir dividend, she emphasized that “If you look astatine our dividends trajectory, payments implicit the play person ever accrued and we volition proceed to support this record. We person successfully completed our recapitalization exercise, achieving 160% subscription. Therefore, we are not nether immoderate unit to spell backmost for the 2nd clip to rise funds. Zenith Bank has capable superior buffer to bash concern and we volition proceed to delight our shareholders. We are committed to increasing our topline organically portion adhering to our strict firm governance culture.”
Dr. Faruk Umar, President of the Association of the Rights of Nigerian Shareholders (AARNS), applauded the Group Managing Director for her efforts successful ensuring the maturation of the bank’s fiscal indices. He said, “We are precise blessed that the slope is paying america N5. Most importantly the GMD/CEO, Dame Dr. Adaora Umeoji, has done truthful well. In the past year, she won the grant for the Banker of the Year which is precise commendable, and each the bank’s indices person gone up; we are present experiencing trillions successful nett against N676 cardinal the erstwhile year, and the shareholder’s funds, the gross net – everything present is successful trillions. I deliberation this is precise commendable. The slope has won truthful galore awards – nary slope successful Nigeria has won specified qualitative awards similar they have. They besides surpassed the capitalization threshold of CBN by 160% – this is unprecedented. We are precise blessed with their performance.”
Speaking connected the dividend payout, Alhaji Otunba Mukhtar Mukhtar, Chairman, Trusted Shareholders Association of Nigeria, said “The consistency of Zenith Bank dividend payout has ne'er been matched successful Nigeria. Since the inception of this bank, they person kept giving shareholders a accordant dividend payout, and this has made shareholders to beryllium richer, happier, and much excited astatine the hardwork, show and committedness of the bank. We are precise happy. If you look astatine the Profit Before Tax (PBT) and the Profit After Tax (PAT), they person been capable to transverse the N1 trillion threshold. They person fixed america a Profit Before Tax of N1.3 trillion, which is precise commendable. The shareholders, arsenic you person seen astatine the meeting, person expressed their happiness and joyousness astir this performance. I americium grateful to the Chairman, Dr. Jim Ovia, CFR, the Management and the Board for specified an outstanding performance.”
Ambassador Dr. Olatunde Okelana, the Balogun Olugbon of Orile- Igbon, Oyo State, besides commented connected the bank’s dividend payout. In his words, “Zenith Bank concern has been the champion for me. I privation to judge that whoever has not invested successful Zenith Bank has lost. Their dividend argumentation is precise palatable, precise beauteous successful the banking manufacture and the woman astatine the helm of affairs is performing wonderfully well. She is 1 of the champion pistillate CEOs successful the banking Industry successful Nigeria. I americium a capitalist, truthful I put wherever my wealth tin springiness maine beauteous returns. I privation to archer you that Zenith Bank has been the champion successful the superior marketplace and it is the champion investment. Dr. Jim Ovia, CFR, the Founder & Chairman, is simply a payment to mankind, helium has done the champion by giving america Zenith Bank. 99.9% of my savings is successful Zenith Bank, due to the fact that I person assurance successful them and successful the Management led by Dame Dr. Adaora. I privation to promote galore Nigerians to put successful Zenith Bank truthful that they excessively tin reap the effect of their labour arsenic soon arsenic possible. I americium precise blessed to beryllium a shareholder of this bank.
Chief Timothy Adesiyan, President of the Shareholders Solidarity Association of Nigeria, praised the Chairman and Management of Zenith Bank for their accordant transportation of worth to shareholders. He noted, “The dividend we received this twelvemonth of N5 has been a committedness which they person fixed to america astatine respective forums which they person called astatine antithetic times, and we convey them for not failing america successful their promise. I americium precise arrogant to beryllium a shareholder of Zenith Bank, and besides their customer. The slope is simply a precise reliable slope – if you support your investments successful Zenith Bank, you tin spell to slumber due to the fact that determination is ever idiosyncratic determination watching your concern for you.”
The bank’s robust fiscal show successful 2024 alluded to its committedness to continually delivering worth to its investors successful spite of challenging macroeconomic conditions. Zenith Bank Group achieved a singular double-digit maturation of 86% successful gross earnings, from NGN2.13 trillion successful the erstwhile twelvemonth to NGN3.97 trillion successful 2024. This was driven by a 138% summation successful involvement income, supported by concern successful high-yield authorities securities, and maturation successful the Bank’s indebtedness book. Customer deposits grew by 45%, reflecting the bank’s marketplace enactment and customers’ trust. Total assets roseate by 47%, underpinned by a beardown liquidity presumption and effectual equilibrium expanse management.
Zenith Bank’s way grounds of fantabulous show has continued to gain the marque galore awards including being recognized arsenic the Number One Bank successful Nigeria by Tier-1 Capital for the fifteenth consecutive twelvemonth successful the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was besides awarded the Bank of the Year (Nigeria) successful The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; and Best Bank successful Nigeria for 4 times successful 5 years, from 2020 to 2022 and successful 2024, successful the Global Finance World’s Best Banks Awards.
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