Zenith Bank Ghana has seen a 4,650 percent exponential growth in its total assets within 10 years.
This is according to the pioneering board Chair of the Bank, Dr. Mary Chinery-Hesse.
The total assets of the 5th largest Bank in Ghana has grown from GH₵64.7million at the end of 2006 to over GH₵3billion at the end of 2014.
The Bank’s shareholders’ funds have also grown from a little over GH₵7million at the end of 2006 to over GH₵350m at the end of 2014, representing a growth of 4,843%.
Speaking at the bank’s 10th anniversary thanksgiving service at Mövenpick Ambassador Hotel in Accra, the Managing Director of Zenith Bank Daniel Asiedu was elated at the Banks growth over the years and said , “from a modest beginning of 45 staff members in 2005 to 663 highly skilled and formidable professional staff made up of 361 males and 302 females.”
He said the Bank started with one branch but can now boast of 30 business locations nationwide.
“This year, Zenith Bank Ghana has been named the Best Banking Group in Ghana by the World Finance Magazine. We have also been adjudged the Best Corporate Bank, Best e-Commerce Bank and Best Customer Service Bank in Ghana by the Global Banking & Finance Review, for 2015.Furthermore, Zenith won the Bank of the Year, Ghana 2014 award from The Banker, largely regarded as the Oscars of the Banking Industry,” Mr. Asiedu revealed.
Dr. Mary Chinery-Hesse in her speech challenged the staff of the company to remain committed and win more laurels for the bank.
“While appreciating what has been achieved in the past, it is equally important for the Bank to look forward to what it can do in the future. It is a hard fact of life that no matter how much contribution one has made, good work can never be exhausted. As we move on, it is appropriate to remind ourselves that we must not rest on our laurels, which is quite easy to do; but rather to press ahead to see what else we can do to enhance the Bank’s performance,” she stated.
By: Rabiu Alhassan/citifmonline.com/Ghana