History Of Zenith Bank Plc Nigeria

Zenith Bank Plc was established in May 1990, and commenced operations in July of the same year as a commercial bank.

Founded by Jim Ovia, the Bank has since grown astronomically to become one of the leading financial institutions in Africa. The Bank grew its shareholder’s fund of ₦20million in 1990 to ₦704.50billion as at year end 2016.

It became a public limited company on June 17, 2004 and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004 following a highly successful Initial Public Offering (IPO).

Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital. In 2013, the Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE).

Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centres in all states of the federation and the Federal Capital Territory (FCT). In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc.

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