Zenith Bank Nigeria Plc is one of Nigeria’s largest bank by asset base and profitability. With a total asset base of about N4.3 trillion and net assets of about N620 billion, it currently ranks has one of the most important Financial Institutions in the country.
However, there is something about the bank and women that needs to improve sooner rather than later.
Zenith Bank currently has a total staff strength of about 6, 275 across its various location in Nigeria and around the world. Out of this amount, it has a total of 3,284 as men and another 2,991 as women. This brings the bank’s Men to Women ratio at about 58% to 48% one of the best in the financial sector.
Zenith Bank also has a total of 22 women as top Management Staff (AGM & GM) representing a healthy 31% of the distribution. This compares well with the likes of 32% and much better than UBA at 23%.
Unfortunately, this impressive distributions appears to be more dominant in the middle to lower strata of the bank as things are not so good as you move to the very top of the ladder.
Zenith falls short is at the executive management and board strata. Zenith Bank has just one female as director (executive and non-executive) compare to GTB’s 4 (2 each for executive and non-executive). Zenith Bank has a total of 10 board members compared to GTB’s 14. UBA has a total of 16 board members with 12 male and 4 female.
Certainly, this does not bode well for the bank and requires urgent attention.