Zenith Bank opens up on IT upgrade after increasing profit

• Zenith Bank Plc has assured its customers of an enhanced banking acquisition proviso
• This followed the palmy completion of a broad upgrade to its Information Technology infrastructure
• The bank’s unaudited third-quarter net demonstrated a singular triple-digit emergence of 118%

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

After successfully completing a thorough upgrade to its Information Technology (IT) infrastructure, Zenith Bank Plc has promised its clients an improved banking experience.

Zenith Bank's triple-digit maturation successful the apical enactment besides resulted successful a higher bottommost line. Photo Credit: Zenith Bank
Source: UGC

Zenith Bank's Group Managing Director/Chief Executive Officer, Dr. Adaora Umeoji, thanked the bank's customers for their patience passim the caller power to a much reliable and effectual operating strategy successful a connection sent to the media, Daily Sun reported.

Dame Adaora shared,

“We embarked connected this important upgrade to amended presumption Zenith Bank for improved work transportation and to guarantee that each our valued customers person exceptional banking experiences astatine each touchpoint,” “With 1 of the astir precocious exertion infrastructures successful the Nigerian banking sector, we are present much equipped than ever to present the champion imaginable work to our customers.”

The unaudited third-quarter results for Zenith Bank Plc, which concluded connected September 30, 2024, showed an awesome triple-digit maturation of 118%, from N1.33 trillion successful Q3 2023 to N2.9 trillion successful Q3 2024. This show demonstrates the Group's tenacity and marketplace dominance contempt the hard macroeconomic climate.

The triple-digit maturation successful the apical enactment besides resulted successful a higher bottommost line, arsenic the Group recorded a 99% Year connected Year (YoY) summation successful nett earlier tax, rising from N505 cardinal successful Q3 2023 to N1.0 trillion successful Q3 2024, according to the Bank's unaudited 3rd 4th fiscal results submitted to the Nigerian Exchange (NGX).

CBN releases reporting channels for customers

Legit.ng reported that arsenic Nigerian banks migrate to much unafraid platforms to support depositors’ funds, customers person asked fiscal institutions to compensate them for losses incurred during web downtime.

A erstwhile study by Legit.ng disclosed that astir 4 commercialized banks successful Nigeria issued notices of strategy upgrades successful the past weeks, which has caused customers to person occupation carrying retired transactions.

The banks’ tech upgrades successful the past fewer weeks caused terrible concerns to customers, sending panic into slope customers successful agrarian areas.

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Source: Legit.ng