Tag Archives: zenith bank

All Set For Zenith/Delta Cup Season 2

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All is set for the second edition of the Delta State Principals Cup football competition for all secondary schools sponsored by Zenith Bank.
At the media conference of the Season 2 of the competition on Thursday, Governor Ifeanyi Okowa affirmed his resolve to give all young Deltans a platform to excel in their various areas of specialization and to expose their talents in the state to the global community.
The Delta State Commissioner for Basic and Secondary Education, Chiedu Ebie, who on behalf of the governor said the opening ceremony is scheduled for November 1, 2017 at the St Patrick’s College, Asaba while the final is scheduled for February 2018 at the Ozoro Polytechnic Stadium.
Stressing that the revival of the Principals Cup was one of the programs outlined by the Governor towards enhancing the grassroots sports developmental drive of the state, Ebie said that the Okowa administration was keen on redirecting the focus of young Deltans to meaningful ventures.
He commended Zenith Bank for partnering with the state and urging the private sector to also partner with the government on its laudable programs towards giving the youth a brighter future.
Deputy Managing Director of the Zenith Bank, Mr Ebenezer Onyeagwu, represented by Mr Lucky Ighade, the Deputy General Manager Asaba, assured of the bank’s determination to continue its partnership with the state, saying the Principals Cup was a veritable tool for engaging the youth in productively.
He said the Zenith Bank Delta Principals Cup was a flagship program of the bank aimed at giving back to society as well as providing the youth with a better future.
Ighade said the tournament was part of the bank’s ways of developing grassroots sports in the country with the hope that future stars would emerge therefrom to represent the country in international football competitions.
The Chairman of the Delta State Sports Commission, Chief Tonobok Okowa, represented by the Director-General, Mr Victor Onogagamue, assured that the commission will give necessary technical support to the programme.

ZENITH BANK LEADS WITH HALF A TRILLION NAIRA GROSS EARNINGS IN 9 MONTHS

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In a clear show of resilience and strong market share in the Nigerian banking industry, Zenith bank posted impressive gross earnings of N531bn for the 9 months to 30th September 2017. This represents an increase of 40% year-on-year and 5% year-to-date, and in fact the highest published by any bank in the Nigerian Banking industry in the current reporting period.
The bank demonstrated its ability to take the right actions and make the right choices in its Assets and Liability management strategies culminating in an increase of 27% in interest income from N285.7bn as at 30 September, 2016 to N361.8bn as at 30 September 2017. The bank was able to strategically switch assets in favour of high yielding asset classes and was also able to optimally price its assets in a yield environment.
Also Non-interest income grew 79% year-on-year to 169.5bn driven by the bank’s ability to take advantage of its strong foreign currency liquidity to generate income.
The Profit before tax (PBT) and Profit after tax (PAT) of Zenith witnessed an impressive growth of 31% and 35% year-on-year respectively to N152.5bn and N129.2bn. Again this is a show of resilience and demonstration of the ability of this financial institution to innovate and create impressive value from resources available to it.
We note further that Zenith achieved this excellent financial performance, despite adopting a very conservative approach to recognizing potential losses in its risk asset portfolio.
The bank has continued to maintain solid and high quality capital position with capital adequacy ratio at 21% well above statutory requirement of 15% and providing room for further growth and strong and consistent dividend payout. Liquidity ratio remains strong at 61% and also well above the regulatory requirement of 30%.
Consistent with this superlative performance and in recognition of its track record of excellent performance, the bank was recently honoured as The Bank of the Year and Best Bank in Customer Service by the publishers of BusinessDay Newspapers.

Zenith Bank Restates Commitment To Promotion Of ICT Knowledge Among Nigerian Youths

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Zenith Bank says it would continue to promote efforts that improve ICT knowledge and penetration in Nigeria through its sponsorship of Nigerian students in the global Microsoft World Championship.

The bank’s Group Managing Director, Mr. Peter Amamgbo, said this in Lagos on Wednesday at the Annual ReadManna Award and ICT Exhibition where prizes were presented to the Nigerian winner and participants at the Microsoft Word Championships.

The 2017 edition of the Microsoft Word Championship was held in Disneyland, California, U.S.A, where a Nigerian student, Katrina Eta, won the third place. The bank has partnered with ReadManna since 2010 for the Nigerian championship and since 2014 for the world championship.

Amangbo said that the bank was doing this through its commitment to the sponsorship of Nigerian students at the global competition, in line with its corporate social responsibility which has the promotion of ICT as an empowerment tool at its core.

Amangbo, who was represented by Mrs. Wunmi Ogunbiyi, a General Manager in the bank, said that the bank’s partnership with Readmanna, the organisers of the championship in Nigeria, has the potential to further improve ICT knowledge among Nigerian students.

JIM OVIA RECOGNISED IN AMERICA AS AFRICA’S BUSINESS LEADER

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Endorsement and recognition has again come the way of Jim Ovia, Chairman of Zenith Bank Plc. as he was on Tuesday night recognized as a leading entrepreneur in Africa by the African-American Institute (AAI).

Ovia, in what is a reward for his business leadership and philanthropy, received the AAI 2017 Business Leader Award at a ceremony held on the sidelines of the ongoing United Nations General Assembly in New York, the United States. He was recognized for impacting hugely on enterprise and human resource development on the continent.

Ovia, founding Group Managing Director and CEO of Nigeria’s largest bank, was honoured along with President Nana Akufo-Addo of Ghana (National Achievement); Nicole Amarteifio, (Leadership in African Media and Arts); and Bozoma Saint-John, Chief Brand Officer, UBER (Innovation & Technology) as Africa’s best

The Africa-America Institute was set up in 1953 to help increase Africa’s human capacity for development through training and education and recognizes Africans who have demonstrated remarkable achievements in various fields, the intention being to present the award winners at the high profile stage of the UN General Assembly as representatives of the great work going on in Africa.

The AAI awards, which is announced annually and showcases Africa’s best, has honored individuals who are working to fulfill AAI’s mission of increasing Africa’s human capacity for development and promoting engagement between the African continent and America.

The awards are presented at a special gala night bringing together African Heads of State and diplomats, international and senior U.S. government officials, business and civil society leaders, educators, journalists, philanthropists and other prominent figures who are working towards advancing economic and development progress in Africa

Ovia was at the helm of affairs at Zenith Bank, from inception, for 20 years until his resignation in July, 2010 but was reappointed the Chairman of the bank in 2014. He was a member of the National Economic Management Team of Nigeria and he is a member of the Honorary International Investors’ Council.

Jim Ovia is a philanthropist and the founder and proprietor of James Hope College, Agbor, Delta State. His foundation, the Jim Ovia Foundation, which focuses on providing scholarship to the less-privileged, has a number of beneficiaries that are now qualified medical doctors, engineers, etc.

He is also the Founder of several enterprises and philanthropic institutions including the Youth Empowerment & ICT Foundation, which focuses on improving the socio-economic welfare of Nigerian youths by empowering them to embrace Information and Communication Technology.
In recognition of his achievements particularly in support of the Nigerian economy, Jim Ovia was conferred with the national award of Commander of the Order of the Niger (CON) in November, 2011.

Jim Ovia holds a Master’s degree in Business Administration (MBA) from the University of Louisiana, Louisiana, USA (1979) and a B.Sc. degree in Business Administration from Southern University, Louisiana, USA (1977). He is an alumnus of Harvard Business School (OPM).

Zenith Bank Receives D’Tigress (vows to continue support for basketball)

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Sponsor of the National Women Basketball League, Zenith Bank, on Thursday received the victorious AfroBasket champions, D’Tigress at the company’s headquarters in Lagos.

The Group Managing Director of Zenith Bank, Peter Amangbo, congratulated the players and officials for the remarkable feat recorded in Bamako, Mali.

D’Tigress were glorious at the championship as they won all their matches including two against the defending champions and tournament favourites, Senegal. The first was a group match which they won 58-54 and the second was the final which ended 65-48.

Amangbo stressed that the bank and indeed Nigerians were proud of the achievement of the team at the AfroBasket

He said: “It was not only the win that was exciting but also the way you won. During the competition, we were following your progress with keen interest and it is heartwarming that you came back as champions.

“We always support people who are committed just like you. Nigerians have made a mark in basketball. We all know about the exploits of Akeem Olajunwon. Raptors is my favourite team and the GM of the team is a Nigerian.”

The Zenith Bank boss also stressed that the company will throw its weight behind the team for the World Championship slated for Spain next year.

“Now that you are going to Spain, we are going to support you again for the competition,” he added.

Captain of the team, Aisha Muhammed, commended the bank for hosting the team, and supporting the game in the country.

“I am happy to be here because the support Zenith has been giving the game is a big one for our colleagues playing in Nigeria,” she said.

The team was rewarded with cash awards, which were paid into accounts opened for them during the visit, and for which they were all presented with Debit Cards.

The vice president of the Nigeria basketball federation, Babatunde Ogunade, who led the team showered praises on Zenith Bank for its continued support for the game.

He noted the fact that the bank had through its sponsorship of the women league enabled Nigerians women basketballers to challenge for the leadership of game in Africa.

Ogunade also said that three members of the winning team, Chioma Udeaja, Nkechi Akashili and Upe Atosu featured in the recently held Zenith Women league.

Zenith Bank Hails D’Tigress For Winning NWL

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Zenith Bank Plc, sponsors of the annual National Women League, on Monday congratulated Nigeria’s female team, D’Tigress, winning the 2017 FIBA Women AfroBasket which ended in Bamako, Mali at the weekend.

D’Tigress achieved the remarkable feat in style by beating the defending Champions, Senegal, 65-48 in the final match to earn Nigeria her third title in the competition which was the 23rd edition. Incidentally, Senegal has won the competition 11 times. Nigeria also won the event in 2003 and 2005.

The Group Managing Director of Zenith Bank, Peter Amangbo, on Monday showered praises on the players for going all the way to make Nigerians proud.

He said: “It was a sweet victory for the Nigeria. As sponsors of the national women league, Zenith Bank is a major stakeholder in the sport and we are happy with the feat achieved by D’Tigress

“We salute the hard work and determination of the players and officials of the team especially because they won all their matches in the competition.”

The Zenith Bank boss however paid special tribute to the three home-based players who made the trip to Mali for the competition. They are Nikechi Akashili, Chioma Udeaja and Upe Atosu.

“Let me also congratulate the three worthy ambassadors of the Zenith Women Basketball League- Akashili, Udeaja and Atosu- who joined national camp just after the final of the Final 8 in Lagos.

“We are particularly proud that of the home-based players invited out of which three eventually made the team. This is good for our investment in basketball over the years and we are encouraged to do more.”

D’Tigress started the competition by beating Mozambique 80-69 in their first game, whipped Democratic Republic of Congo 84-47 in the second and defeated Egypt 106-72 to emerge the first team to book a place in the quarterfinal of the competition.

Nigeria also defeated Senegal 58-54 in the last group match, blew out Cote d’Ivoire 98-43 in the quarterfinals and pipped Mali 48-47 in the semis before beating Senegal 65-48 in the final.

ZENITH BANK TO PARTNER READAMANA TO ENLARGE ICT COMPETTION, DISCOVER MORE KATHERINE ETAS

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Zenith Bank is to partner with ReadAmana to encourage participation by more students in the annual Microsoft Office Specialist Championship, Group Managing Director, Peter Amangbo has said.

Speaking in Lagos on Tuesday while receiving the Nigerian contingent to the 2017 edition of the Microsoft Office Specialist World Championship (MOSWC) held in Disneyland, California, USA, Amangbo said the bank was encouraged by the performance of the team and would work with the Nigerian organisers to enlarge the competition.

Katherine Eta of Childville School, Ogudu, Lagos last week emerged the third place winner in the keenly contested 2017 World Championship, the only African winner in the competition.

Nigeria was represented at this year’s championship with the support of Zenith Bank Plc. by Katherine, Husna Bello, Glisten International Academy, Abuja, FCT; Ogon Holdings, Deeper Life High School, Port Harcourt, Rivers State; Adeniran Oluwatamilore, Louisville Girls High School, Ijebu-Ode, Ogun State; Oloriegbe Favour, Childville Schools, Ogudu, Lagos and David Eta, Childville Schools, Ogudu, Lagos, Lagos State.