The Central Bank of Nigeria (CBN) has granted Approval-In-Principle for Zenith Bank Plc to operate a non-operating Financial Holding Company (Holdco) structure, the lender said in a statement on the Nigerian Exchange Limited (NGX).
The CBN also approved Mr. Jim Ovia as the Chairman of Zenith Holdco Plc (information) and for Mr. Jim Ovia to also continue as the Chairman of Zenith Bank Plc until the commencement of Zenith Holdco Plc.
Zenith Bank Plc was ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.
For the thirteenth consecutive year, the Bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75 billion, emerging as the 460th Bank globally.
