ZENITH BANK ASSURES INVESTORS ON EXIT FROM CBN’S REGULATORY FORBEARANCE BY 30TH JUNE, RESTATES COMMITMENT TO CONTINUED DIVIDEND PAYMENT

Zenith Bank Plc, Nigeria’s largest financial institution by Tier-1 Capital, has assured shareholders and traders of its readiness to fulfill all related circumstances to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The financial institution additionally expressed confidence in assembly shareholders’ dividend expectations within the 2025 monetary 12 months.

The clarification comes on the again of heightened scrutiny of Nigerian banks’ capital well being following the brand new CBN directive that suspends dividend funds and tightens oversight for banks with excellent forbearance-related loans or breaches of the Single Obligor Restrict (SOL).

In an announcement offered to the Nigeria Alternate (NGX) Group on Tuesday, June 17, 2025, the Financial institution said that its publicity underneath the Single Obligor Restrict (SOL) forbearance relates solely to a single obligor, stating that this publicity might be introduced throughout the relevant regulatory restrict on or earlier than June 30, 2025. The financial institution additionally confirmed that the forbearance granted on different credit score amenities applies to solely two (2) of its prospects, noting that it has made substantial provisions in respect of those amenities and brought acceptable and complete steps to make sure full provisioning by June 30, 2025.

The financial institution additional emphasised its sturdy monetary footing, stating that it has efficiently raised and surpassed the brand new regulatory capital requirement of N500 Billion, and is due to this fact nicely positioned to proceed delivering worth to all its key stakeholders.

Zenith Bank has continued to differentiate itself within the Nigerian monetary providers trade by superior service providing, distinctive buyer expertise and sound monetary indices. The financial institution has remained a transparent chief within the digital house with a number of firsts within the deployment of modern merchandise, options and an assortment of other channels that guarantee comfort, pace and security of transactions.

The Financial institution’s observe document of fantastic efficiency has continued to earn the model quite a few awards together with being recognised because the Quantity One Financial institution in Nigeria by Tier-1 Capital for the fifteenth consecutive 12 months within the 2024 High 1000 World Banks Rating, printed by The Banker Journal. The Financial institution was additionally awarded Financial institution of the Yr (Nigeria) in The Banker’s Financial institution of the Yr Awards for 2020, 2022 and 2024; Greatest Financial institution in Nigeria from 2020 to 2022, 2024 and 2025, within the International Finance World’s Greatest Banks Awards; Greatest Financial institution for Digital Options in Nigeria within the Euromoney Awards 2023; and was listed within the World Finance High 100 International Corporations in 2023.

Additional recognitions embody Greatest Industrial Financial institution, Nigeria for 4 consecutive years from 2021 to 2024 within the World Finance Banking Awards and Most Sustainable Financial institution, Nigeria within the Worldwide Banker 2023 and 2024 Banking Awards. Moreover, Zenith Bank has been acknowledged because the Greatest Company Governance Financial institution, Nigeria, within the World Finance Company Governance Awards for 2022, 2023 and 2024 and ‘Greatest in Company Governance’ Monetary Companies’ Africa for 4 consecutive years from 2020 to 2023 by the Moral Boardroom.

The Financial institution’s dedication to excellence noticed it being named the Most Beneficial Banking Model in Nigeria within the Banker Journal High 500 Banking Manufacturers for 2020 and 2021, Financial institution of the Yr 2023 and 2024 on the BusinessDay Banks and Different Monetary Establishments (BAFI) Awards, and Retail Financial institution of the Yr for 3 consecutive years from 2020 to 2022 and in 2024 on the BAFI Awards. The Financial institution additionally acquired the accolades of Greatest Industrial Financial institution, Nigeria and Greatest Innovation in Retail Banking, Nigeria, within the Worldwide Banker 2022 Banking Awards.

Zenith Bank was additionally named Most Accountable Organisation in Africa, Greatest Firm in Transparency and Reporting and Greatest Firm in Gender Equality and Ladies Empowerment on the SERAS CSR Awards Africa 2024; Financial institution of the Yr 2024 by ThisDay Newspaper; Financial institution of the Yr 2024 by New Telegraph Newspaper; and Greatest in MSME Commerce Finance, 2023 by Nairametrics. The Financial institution’s Hybrid Provide was additionally adjudged ‘Rights Problem/ Public Provide of the Yr’ on the Nairametrics Capital Market Selection Awards 2025.