Zenith in-depth review, useful information and user opinions
Reader Rating9 Votes
About Zenith Bank
Founded in 1990, Zenith Bank is a multinational financial services company based in Nigeria. It is licensed by Nigeria’s Central Bank. It is the biggest commercial bank in Nigeria and the sixth biggest bank in Africa.
Zenith has more than 500 branches across the Federation and the Federal Capital Territory.
Zenith now has offices in South Africa and China, and subsidiaries in the United Arab Emirates, Ghana, The Gambia, Sierra Leone and the United Kingdom. The UK subsidiary was established in 2007.
Zenith Bank Products and Services
For business banking, Zenith offers several accounts designed around the specific needs of different types of businesses. These include:
Limited liability company accounts
NGO (non-government organisation) accounts
Clubs, societies and associations accounts
Embassy and High Commission accounts
Zenith also provides its business customers with a range of payment service options, collection solutions and reporting solutions.
Loan products available to corporate customers include:
Import and export finance
Bonds and guarantees
Zenith also provides international trade services including import letters of credit, export transactions, import bills for collection, invisible remittances, a range of e-services and non-eligible for forex transactions.
Personal banking customers can choose from current accounts, savings accounts, salary accounts and domiciliary accounts.
Zenith has a private banking facility that works with high net-worth individuals to develop investment strategies for those customers that maintain their wealth and meet their longer-term financial objectives. As well as advisory services, private banking customers can set up trusts, send money home, and plan the future of their estates.
Security at Zenith Bank
In the UK, Zenith Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.