‘Zenith Bank Counts On Upscaling Talents, Fintech Banking Tech And New Capabilities To Drive 2020 Growth’ – E. Onyeagwu GMD/CEO

The Oasis Reporters

January 6, 2020

The Group Managing Director/CEO of Zenith Bank PLC, Mr. Ebenezer Onyeagwu has in his New year 2020 message to the bank’s “esteemed customers”, thanked them for the continued partnership and at the same time, charted the bank’s new strategy to drive robust growth this year.
Onyeagwu revealed his approach which hopes to leverage on upscaling talents, exploring new capabilities while investing in new disruptive technologies like the emergence of Fintech in banking operations.

Zenith Bank Plc GMD-CEO, Ebenezer Onyeagwu.

Indeed, Zenith Bank with the long view started out at inception in 1990, using “people, technology, service” and now has footprints in three continents.

When the Who is Who in Payments, Fintech And Banking gathered at Seamless West Africa Conference, the flagship banking and Fintech event of West Africa in Accra, Ghana with an audience that consisted of 83% decision makers and influencers with representatives of all the major banks in West Africa at Mövenpick Ambassador Hotel, Accra, Ghana from 4 – 6 November, 2019, all eyes were set on Ghanaian born Gloria A F. Awunyo-Akaba, Sector Head, Retail Banking, Zenith Bank, Ghana.
She was one of the over 90 Speakers at the event. Over 500 Attendees graced the occasion.

With a rapidly evolving payments systems, Nigeria’s Zenith Bank with international inroads, especially in Africa and the Middle East has been utilizing cutting edge digital payments solutions that has distinguished it, placing the bank in the top Tier One sector of Banking in Nigeria.

By market capitalisation, the top five banks otherwise known as Tier-1 banks, are Guaranty Trust Bank (GTB) Plc, Zenith Bank International Plc, Stanbic IBTC Holdings Plc, Access Bank Plc and United Bank for Africa (UBA) Plc
And recently, the top five banks posted N417b profit in six months.

Enhanced business efficiency driven mostly by cutting edge technologies saw to that.
Being a tech – savvy bank has helped Zenith Bank Plc evolve to such enviable heights.

With the rousing message from Ebenezer Onyeagwu, it is obvious that Zenith Bank PLC would be reinventing the way banking business is transacted in a tech -savvy world.

He further expressed his gratitude for the partnership offered by the esteemed customers as he counted on their continued partnership especially as the macroeconomic outlook seems cheery because as the Nigerian domestic economy continues to recover from the 2016 economic recession, government policies are expected to gain further traction.

Ebenezer Onyeagwu also took an overview of the global economic scene with the outgone year having been impacted by geopolitical tensions and
political uncertainties. But with the Global Trade deal between the United States of America and China, the somewhat certainty with the Brexit conundrum resolution after the December 2019 United Kingdom elections some measure of stability is likely to be in place.

As Zenith Bank Plc GMD/CEO’s message of the customer centric financial Powerhouse that is resolute to meet the business and personal needs of clients begins to resonate in the days and weeks to come, customers and fans of the bank that placed N 5.6 tn in assets, N 3,810.0 bn in deposits, 1,801.8 bn in loans and advances, N 88.81bn profit after tax in 2019 half year results according to the Nigerian Stock Exchange, is surely a bank to watch and do business with.

Written by Greg Abolo.

Greg Abolo

Blogger at The Oasis Reporters.

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