Skip to main content

KPMG Names Zenith Bank Most Customer-focused Bank

Zenith Bank Plc has again been rated Nigeria’s most customer-focused bank by the leading advisory and consultancy firm, KPMG.




In the 2016 edition of the annual banking industry Customer Satisfaction Survey recently released by KPMG, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6 points to clinch the prime position in the retail banking category, thereby re-enacting the feat it achieved in 2013 and 2014.

Guaranty Trust Bank came second with 74.1 points, closely followed by Diamond Bank and Stanbic IBTC with 73.5 and 73.1 points respectively.

The survey, launched in 2007, draws responses from customers across the retail, SME and corporate banking segments on customer preferences, levels of satisfaction and expectations from their banks.

Zenith Bank has featured prominently in the survey since it was launched 10 years ago, according to organisers, “to heighten the consciousness of service delivery among Nigerian Banks”.

In 2014, the bank cleared all three categories: Retail, SME and Corporate Banking, having similarly won two of the three categories but the SME segment the previous year.

The CSI measures customer satisfaction with banks, and are ranked based on the perceived level of satisfaction derived by customers surveyed from the different categories.

The key factors considered by the CSI include convenience, product/service offering, executional excellence, value for money and customer care.

Zenith Bank is one of Nigeria’s strongest financial institutions with a shareholders’ base of over one million and the largest bank in the country by market capitalisation and tier-1 capital.

The Zenith brand has also maintained a consistent track record of performance in several parameters including profitability and liquidity managerial competence.

The bank’s impressive growth and performance over the years have earned it excellent ratings, recognitions and endorsements from local and international agencies and institutions, some of which include: Best Customer Service Bank Nigeria 2015 by Global Banking and Finance, Best Corporate Governance Bank Nigeria 2015 by Global Banking and Finance and Best Bank in Corporate Governance 2012, 2014 and 2015 by World Finance.

Others include Best Commercial Bank in Nigeria 2013 by World Finance, third biggest company in West Africa by Forbes & CNBC Africa, and Best Commercial Bank in Africa by Capital Finance International (CFI).

The bank is certified in three key International Standards Organisation’s (ISO) standards, namely: ISO 22301 (Business Continuity Management), ISO 20000 (IT Service Management), and ISO 27001 (Information Security Management).

Comments

Popular posts from this blog

Security Alert; Bart Ransomware Bypasses Corporate Firewalls

A new ransomware variant has emerged that’s similar to widespread threats such as Dridex 220 and Locky Affid=3, but uses a security-evading technique that may allow it to attack organisations protected from other malware, according to computer security researchers. Ransomware has spread quickly in the last few months, as a number of payouts have attracted cyber-criminals to the technique.

Buhari Considers Hadiza Bala Usman As Head Of NPA

Nigerian Ports Authority (NPA) and the Minister of Transportation, Mr. Chibuike Amaechi, has submitted Ms. Hadiza Bala Usman’s name to President Muhammadu Buhari to take over as the new managing director of NPA, says Reporter.Should Buhari approve the recommendation, Ms. Bala Usman, 40, will become the first female chief executive of a top tier federal government agency and of the NPA. She shall take over from Alhaji Habib Abdullahi, who was reinstated by Buhari in August 2015 as the managing director of NPA, after he had been shown the exit by former President Goodluck Jonathan in April 2015.

Yahoo Fails To Reveal Buyer, Suffers £332m Loss In Q2

Yahoo has failed to update investors on the sale of its core internet business as it revealed it suffered a £332 million loss in its second quarter. Instead, CEO Marissa Mayer said that “progress” has been made on its strategic alternatives but failed to define what that subjective term meant. Yahoo saw a rise in revenue to $1.3 billion (£1bn) in the second quarter, with mobile revenue growing from £252 million to $378 million (£287m).