ZENITHBANK - Zenith Bank Plc
Zenith Bank Plc is a Nigerian commercial bank providing services to corporate, commercial, and individual customers. The company's core businesses include corporate and investment banking, commercial and consumer banking, trade services and foreign exchange, treasury and cash management services, and other non-bank financial services through its subsidiaries. Zenith Bank became a public limited company in June 2004 and was listed on the Nigerian Stock Exchange in October the same year, following a highly successful IPO. The bank currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital.
Headquartered in Lagos, Zenith Bank has over 500 branches and business offices in commercial centers in all states of the federation and the Federal Capital Territory. In March 2007, Zenith Bank was licensed by the Financial Services Authority of the United Kingdom to establish Zenith Bank (UK) Limited as the UK subsidiary of Zenith Bank Plc. Subsequently, in 2013, Zenith Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange. Additionally, the bank has subsidiaries in Ghana, Sierra Leone, and Gambia, as well as a representative office in the People’s Republic of China, as it expands into European and Asian markets.
Zenith Bank Plc is listed on the Nigerian Stock Exchange (NGX) since October 21st, 2004. Zenith is traded on the NGX under the ticker symbol “ZENITHBANK”. The International Securities Identification Number (ISIN) of NGX:ZENITHBANK is NGZENITHBNK9. Zenith Bank Plc is currently the ninth most valuable stock on the NGX with a market capitalization of NGN 1.13 trillion, which makes about 2% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 35.85 |
| Day’s High Price | 36.50 |
| Traded Volume | 11.9M |
| Number of Deals | 394 |
| Gross Turnover | 429M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 31.4B |
| Market Capitalization | 1.13T |
ZENITHBANK Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -13.4% | -6.49% | -21.5% |
| 6MO | 1YR | YTD |
|---|---|---|
| +12% | +41.2% | -6.86% |
The current share price of Zenith Bank Plc (ZENITHBANK) is NGN 35.90. ZENITHBANK closed its last trading day (Thursday, April 18, 2024) at 36.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.7% gain over its previous closing price of 35.40 NGN. Zenith began the year with a share price of 38.65 NGN but has since lost 6.86% off that price valuation, ranking it 113th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ZENITHBANK has lost 6% of the stock’s value from March 14th to date.
Zenith Bank is the fourth most traded stock on the Nigerian Stock Exchange over the past three months (Jan 16 - Apr 18, 2024). ZENITHBANK has traded a total volume of 1.88 billion shares—in 36,675 deals—valued at NGN 74.7 billion over the period, with an average of 29.8 million traded shares per session. A volume high of 162 million was achieved on April 4th, and a low of 6.93 million on February 15th, for the same period. The table below details the last 10 trading days of activity of Zenith Bank on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-04-18 | 22,007,605 | 36.00 | +0.60 | +1.69% |
| 2024-04-17 | 47,029,903 | 35.40 | ||
| 2024-04-16 | 41,360,212 | 35.40 | -3.25 | -8.41% |
| 2024-04-15 | 14,309,762 | 38.65 | -1.35 | -3.38% |
| 2024-04-12 | 135,810,416 | 40.00 | -1.55 | -3.73% |
| 2024-04-08 | 16,097,304 | 41.55 | -0.95 | -2.24% |
| 2024-04-05 | 86,218,968 | 42.50 | -0.70 | -1.62% |
| 2024-04-04 | 161,683,671 | 43.20 | -0.80 | -1.82% |
| 2024-04-03 | 41,877,198 | 44.00 | -0.55 | -1.23% |
| 2024-04-02 | 62,585,245 | 44.55 |
Profile of Zenith Bank Plc
Zenith Bank Plc, since founded by Jim Ovia, has since grown astronomically to become one of the leading financial institutions in Africa. Currently ranked as the 6th biggest bank on the continent, the company has grown its shareholder’s fund of ₦20million in 1990 to ₦704.50billion as at year end 2016. The overall strategy of the bank is to make the Zenith brand a reputable international financial services network recognized for innovation and superior customer services while creating premium value for all of its stakeholders. Today, Zenith Bank continues to thrive on the corporate culture of professionalism and service excellence upon which the bank was built.
Zenith Bank Plc was founded on May 30, 1990 and operates in the Financials sector, specifically, the Banking industry. Zenith Bank contracts an estimated total number of 6,521 employees. The company is led by Ebenezer N. Onyeagwu as its Managing Director/CEO, since 2019. The company's board of directors, chaired by Jim Ovia (72), is composed of 13 members whose names are listed below.
- Ovia, Jim
Chairman - Onyeagwu, Ebenezer N.
Managing Director/CEO - Umeoji, Adaora
Deputy Managing Director - Ahmed, Umar Shuaib
Executive Director - Fasoranti, Temitope (Dr)
Executive Director - Olisa, Dennis
Executive Director - Oroh, Henry
Executive Director - Enwemeka, Chukuka (Prof.)
Non-Executive Director - Efeyini, Jeffery
Non-Executive Director - Ibidapo-Obe, Oyewusi (Prof.)
Independent Non-Executive Director - Ukpeh, Gabriel Ita Asuquo
Independent Non-Executive Director - Bello, Mustafa (Engr.)
Non-Executive Board Member - Abubakar, Al-Mujtaba (Dr.)
Non-Executive Board Member
Factsheet of Zenith Bank Plc
- Sector
- Financials
- Industry
- Banking
- Address
- Plot 87, Ajose Adeogun Street, Zenith Heights, Victoria Island, Lagos, Nigeria
- Telephone
- +234-1-270-3132, +234-1-278-7000
- Website
- www.zenithbank.com
ZENITHBANK Industrial Market Competitors
Zenith Bank Plc, issuers of the ZENITHBANK stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| ETI | Ecobank Transnational Inc | 477B | 26.00 | +24.4% |
| FBNH | FBN Holdings Plc | 967B | 26.95 | +14.4% |
| UBA | United Bank for Africa | 776B | 22.70 | -11.5% |
| GTCO | Guaranty Trust Holding | 1.01T | 34.35 | -15.2% |
| FIDELITYBK | Fidelity Bank Plc | 279B | 8.70 | -19.8% |
| ACCESSCORP | Access Holdings Plc | 613B | 17.25 | -25.5% |
| VERITASKAP | Veritas Kapital Assurance Plc | 8.6B | 0.62 | +67.6% |
| NEM | N.E.M. Insurance Company | 52.2B | 10.40 | +65.1% |
| CORNERST | Cornerstone Insurance Company | 35.1B | 1.93 | +37.9% |
| UNIVINSURE | Universal Insurance Company | 5.6B | 0.35 | +34.6% |
