Zenith Bank's Godwin Emefiele on Banking in Nigeria

Publisher:
World Finance
Publication Date:
22 July 2013
Tags:

Godwin Emefiele, of Zenith Bank, has been appointed as Nigeria's Central Bank Governor, hours after the previous governor was suspended. Here World Finance interviews Emefiele on bank's focus on liquidity so that profits will follow. Zenith Bank has one of the lowest non-performing loan ratios in Nigeria, a capital adequacy ratio of 25 percent (15 percentage points higher than the level prescribed by the Nigerian Central Bank) and the sixth-largest market capitalisation in Africa. Emefiele describes Zenith's remarkable growth story, from just a single branch to an international network of stable subsidiaries.

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