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Tag Archives: Zenith Bank

Mixed expectations meet BoG’s policy rate decision

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There are mixed expectations ahead of the policy rate decision to be announced by the Bank of Ghana on Monday, September 25, 2017. The Monetary Policy Committee (MPC) of the central bank is set to announce a primary rate at which it will lend to commercial banks for onward lending to customers. Already, the rate has been reviewed downwards thrice ...

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Banks anxious of interest rate cut

Zenith Bank MD, Henry Oroh

Bankers are anticipating a reduction in the policy rate as the Bank of Ghana’s Monetary Policy Committee (MPC) meets to review the strength of Ghana’s economy, Friday September 22, 2017. The meeting will be concluded on Monday September 25, 2017 with a decision on the policy rate for commercial banks to comply with. The MPC is also expected to outline ...

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AAI awards Zenith Bank Founder Jim Ovia 

Jim-Ovia

The Africa -America Institute (AAI) has awarded the Co- Founder and Chairman of Zenith Bank Mr. Jim Ovia with the esteemed 2017 Business Leader Award. The award was conferred on him on Tuesday September 19, 2017 in New York, USA at the institute’s 33rd Annual Awards Gala. Receiving the award Mr Ovia said “today I am very honored to be ...

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AAI honours Nana Addo with National Achievement Award

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The Africa – America Institute (AAI) has awarded the President of Ghana, Nana Akufo-Addo with the institute’s National Achievement Award for the year 2017. The award which is also for the people of Ghana was bestowed on him yesterday September 19, 2017 in New York at the institute’s 33rd Annual Awards Gala. The award is to recognise the President and ...

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Zenith Bank ‘keeps fit’ to mark 12th anniversary

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Zenith Bank on Saturday, September 16, 2017 embarked on a health walk as part of efforts to maintain a healthy lifestyle. The walk which is a bi-annual activity witnessed huge patronage from staff, customers, corporate clients as well as members of the general public. This year’s edition also coincided with Zenith Bank’s 12th anniversary celebration. Speaking at the ceremony, the MD/CEO ...

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Zenith Bank opens arms to acquisition

Zenith Bank MD, Henry Oroh

Zenith Bank has indicated its readiness to absorb another bank to grow its base and improve its portfolio. It follows the dramatic increase in the minimum paid up capital for commercial banks. The Managing Director of Zenith Bank, Henry Oroh who admits that mergers and acquisitions may not be inevitable however says any such decision will be dependent on the ...

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Zenith Bank’s profits increase by 68% in 2016

Zenith Bank MD, Henry Oroh

In the third of our series on companies’ performances in 2016, we throw the spotlight on Zenith Bank today. In 2016, Zenith Bank’s profits went up by 68 percent. The figure increased from GH¢83,076,943 to GH¢140,265,212 between 2015 and 2016. Zenith Bank’s profits went up in 2016 after recording a drop in profits between 2014 and 2015. The bank’s revenue ...

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Banks to merge over projected GH¢260m capital review – Zenith Bank MD

Zenith Bank MD, Henry Oroh

The Bank of Ghana’s decision to peg the new minimum capital requirement for commercial banks at an estimated 260 million cedis should culminate in mergers and deepen the financial sector. This is the position of the Managing Director of Zenith Bank, Henry Oroh. He explains to Citi Business News banks should also be able to undertake huge capital transactions with ...

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Zenith Bank Ghana not affected by Nigeria’s economic woes

Zenith Bank MD, Henry Oroh

Zenith Bank says the current economic challenges facing Nigeria has not impacted on the Bank’s operations in Ghana. Zenith Bank Ghana is also confident of the company’s prospects in the country despite similar prevailing economic challenges facing the Ghanaian economy. The high interest rates, rising inflation, power crisis and the increased non-performing loans are but a few of the challenges that businesses ...

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Zenith Bank keeps fit; strategizes for stronger performances [Photos]

CEO of Zenith Bank, Henry Oroh (Right) with Co-Founder, Databank Ken Ofori Atta (Left)

Zenith Bank on Saturday, October 15, 2016 organized its last health walk for 2016. The activity that had scores of hundreds of participants was to fulfill the bank’s commitment to promote good health among its staff and foster corporate bonding. Speaking at the sidelines of the exercise, the CEO of the Bank, Henry Oroh stated, ‘Zenith Bank has forged strategic ...

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