First Quarter Group Results
Our Investment Proposition
Corporate and retail space market dominance, solid and liquid capital base, strengthened ERM practices,
good returns on investment and excellent customer service.
A dominant player in the Nigerian Banking Industry:
■ Controls a significant share of the high-end corporate clients in all sectors of the Nigerian economy.
■ The bank uses its strong balance sheet and liquidity as well as efficient trade finance processes and services, to continuously grow and
support its customers.
Formidable achievements in the retail and digital space:
■ Continues to attract and grow its share of retail business in the market.
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■ Deployment of state of the art technology for improved customer experience.
Prioritization of Risk Management:
■ NPL ratio came in at 4.3% with a coverage ratio of 117.0%.
■ The Group will continue to implement robust risk management practices, thereby sustaining high quality of its risk assets.
Credit Rating: Constrained by Sovereign Ratings
■ Standard and Poor's ratings for Zenith Bank are: B-/Stable/B (Issuer Credit Rating).
■ Fitch ratings are: 1) Long-term foreign currency IDR: 'B-' - stable outlook; 2)Short-term foreign currency IDR: 'B'; 3) National Long-term
rating: 'AA-(nga)'; 4) National Short-term rating: 'F1+(nga)'.
■ Moody's ratings: 1) Long Term CRR - Caa1; 2) Long-term Debt - Caa1 Stable Outlook
Consistently improving Dividend Payout:
Good and consistent dividend payout to its investors.
N/share
3.5% CAGR
3.10
3.20
2.70
2.80
3.00
2.80
2017
2018
2019
2020
2021
2022
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