Zenith Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally. The company accepts current, savings, salary, domiciliary, and children’s accounts; fixed and call deposits, certificate of deposits, and short-term investment funds; sole proprietorship/enterprise and partnership accounts, and trust funds; clubs, societies, and associations accounts; and limited liability company, non-governmental organization, embassies and high commission, and church accounts. It also offers term loans and leasing services; overdrafts, receivable/invoice discounting, and LPO finance services; import and export finance facilities; MSME and scheme loans; education loans; and bonds and guarantees. In addition, the company provides personal funds management and investment, advisory, home remittance, and trust formation; import letters of credit, import bills for collection, non-valid for forex/advance payment, export transactions, invisible remittance, and e-services; and collection, payment, and reporting solutions. Further, it offers electronic banking services; virtual, credit, debit, prepaid, multi-purpose, branded and loyalty, and corporate cards; internet banking; and general and life insurance products and services. Additionally, the company operates branches; cash centers; ATM terminals; and POS terminals. The company was formerly known as Zenith International Bank Limited and changed its name to Zenith Bank Plc in May 2004. The company was incorporated in 1990 and is headquartered in Lagos, Nigeria.
Metrics to compare | ZENITHB | Peers Peers - average of corresponding metrics from companies closely matching ZENITHB: ACCESSCORP, FIDELITYBK, UBA, FCMB, GTCO | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipZENITHBPeersSector |
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P/E Ratio | 1.3x | 4.2x | 8.8x | |
PEG Ratio | 0.01 | 0.02 | 0.03 | |
Price/Book | 0.4x | 0.7x | 1.0x | |
Price / LTM Sales | 0.7x | 1.1x | 2.8x | |
Upside (Analyst Target) | 29.5% | 11.1% | 11.4% | |
Fair Value Upside | Unlock | 2.4% | 3.0% | Unlock |