Tag: Zenith Bank
-
Zenith Bank gets global data security certification
Zenith Bank has been awarded Payment Card Industry Data Security Standard and ISO 27001 certificates confirming the bank’s strong systems to guard against cyber attacks. The certification follows months of building systems to protect Zenith bank’s data and customers’ deposits. The move also comes at a time where the cyber fraud cases in the financial…
-
Over a dozen banks yet to meet GH¢400m minimum capital
At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various measures to recapitalize. The six banks include; the…
-
Zenith Bank hits GH¢400m capital requirement
Zenith Bank has attributed its strong capital base to what it refers to as the implementation of effective corporate governance strategies. The bank says, such plans have also made it easy to reduce the levels of non-performing loans and its impact on the books of the banks. Commercial banks have till December this year (2018)…
-
Mixed expectations meet BoG’s policy rate decision
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…
-
Banks anxious of interest rate cut
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…
-
AAI awards Zenith Bank Founder 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…
-
AAI honours Nana Addo with National Achievement Award
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…
-
Zenith Bank ‘keeps fit’ to mark 12th anniversary
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…
-
Zenith Bank opens arms to acquisition
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…
-
Zenith Bank’s profits increase by 68% in 2016
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…