A group operating under the aegis of the Noble Association of Social and Resourceful Editors (NASRE) has commended Zenith Bank for its recent groundbreaking initiative to promote over 4,000 employees while implementing salary increments of 20 percent to 30 percent across various staff grades.
The association lauded the bank for setting a high standard in employee welfare and fostering productivity in the Nigerian financial sector.
Speaking on behalf of NASRE, the association’s President, Comrade Femi Oyewale, described Zenith Bank’s actions as a reflection of its commitment to its workforce and an exemplary display of corporate responsibility.
“Zenith Bank’s initiative to prioritise its employees’ welfare is a testament to its understanding of the critical role staff motivation plays in ensuring excellent service delivery,” Oyewale stated.
He praised the bank for its broader business strategies, including its focus on innovation, sustainability, and corporate governance.
“Zenith Bank has consistently demonstrated that financial institutions can achieve exceptional growth while prioritising their employees’ well-being and addressing sustainability challenges. This move will undoubtedly inspire other institutions to emulate their approach,” he added.
Under the leadership of managing director and chief executive officer Dame Adaora Umeoji, Zenith Bank has also received several awards for its exceptional performance and leadership in the financial sector.
These include “Best Bank in Nigeria 2024” by Global Finance, “Biggest Bank in Nigeria by Tier-1 Capital 2024” by The Banker, and accolades for its commitment to corporate governance and sustainability.
Comrade Oyewale also highlighted the bank’s ongoing contributions to economic inclusion, SME development, and technological advancement, noting how these efforts positively impact communities and stakeholders.
“Zenith Bank’s integration of environmental, social, and governance principles into its operations has positioned it as a beacon of progress in the African banking landscape,” he remarked.
NASRE encouraged other corporate organisations to adopt similar employee-centred initiatives and commended Zenith Bank for setting corporate excellence benchmarks.
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