Zenith Bank Plc, Nigeria’s leading bank by Tier-1 Capital, has assured investors it will meet the Central Bank of Nigeria’s (CBN) regulatory forbearance requirements by June 30, 2025. The bank also pledged to fulfill shareholders’ dividend expectations for the 2025 financial year amid heightened scrutiny of banks’ capital health.
In a statement to the Nigeria Exchange Group on Tuesday, Zenith Bank clarified that its Single Obligor Limit forbearance involves one obligor, to be resolved by the deadline. Forbearance on credit facilities applies to two customers, with substantial provisions made to ensure full compliance by June 30, reinforcing its commitment to regulatory standards.
The bank underscored its strong financial position, having exceeded the CBN’s N500 billion capital requirement. This positions Zenith Bank to deliver value to stakeholders while navigating CBN’s tightened oversight on banks with forbearance-related loans or limit breaches, maintaining its leadership in Nigeria’s financial sector.
Zenith Bank highlighted its innovative products and digital solutions, earning it the title of Nigeria’s Number One Bank by Tier-1 Capital for 15 years, as per the 2024 Top 1000 World Banks Ranking by The Banker Magazine. These measures aim to sustain investor confidence and regulatory compliance.
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