Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024 for the fourth time.

A statement from the bank on Monday revealed that the bank had been winning the award since 2019.

Zenith Bank was among other banks from 36 countries in Africa recognised as Global Finance announced its  31st Annual Best Bank Awards Winners.

The winners of the awards were selected by the editors of Global Finance after extensive consultations with corporate financial executives, bankers, banking consultants, and analysts worldwide.

According to the release, factors considered in selecting the top banks ranged from growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products, the opinions of equity analysts, credit rating analysts, banking consultants, and others involved in the industry.

Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank, Dr Ebenezer Onyeagwu, said, “This award serves as a powerful affirmation of our resilience and tenacity despite headwinds and a very challenging macroeconomic environment.

“Indeed, it is a testament to our status as the leading financial institution in Nigeria, dedicated unwaveringly to delivering exceptional value to our stakeholders.”

He further hailed the founder and Chairman of Zenith Bank Plc, Jim Ovia, for his exceptional vision and foundational role in establishing a resilient and enduring financial institution.

He also lauded the board for its astute insights and exemplary leadership, the staff for their steadfast commitment and unwavering dedication, and the customers for their staunch loyalty to the brand.

The Publisher and Editorial Director of Global Finance, Joseph Giarraputo, noted, “Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook. In this ever-changing environment, the Best Bank Awards recognise the financial institutions that offer the broadest range of  services, long-term reliability, and technological innovation.”