Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Bank’s Ranking published by The Banker Magazine.
For the thirteenth consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 capital of $2.75 billion, emerging as the 460th bank globally.
The ranking, which was published in the July 2022 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2021 year-end Tier-1 capital of banks globally.
Commenting on the 2022 Top 1000 World Bank’s Ranking, the Group Managing Director/CEO of Zenith Bank Plc, Mr. Ebenezer Onyeagwu, said: “This ranking is a testament to our resilience and doggedness as an institution despite economic headwinds and a persistent challenging macroeconomic environment. Indeed, being ranked as the number one bank in Nigeria by Tier-1 Capital for the thirteenth year in a row underscores our commitment to sustaining the superior performance we are renowned for and creating value for our highly esteemed customers.”
Tier 1 Capital describes capital adequacy, which is the core measure of a bank’s financial strength from a regulator’s point of view.