Zenith Bank Plc has reassured shareholders that its dividend payouts are not in jeopardy.
In a statement dated June 17, 2025, filed with the Nigerian Exchange, the Bank confirmed that it has already surpassed the new capital requirement of N500 billion introduced by the Central Bank of Nigeria (CBN)
The update comes after being listed among the banks affected by the CBN’s recent directive suspending dividends, bonuses, and new foreign investments for lenders with unresolved regulatory forbearance.
The CBN’s June 13 circular effectively froze dividends and other capital outflows for banks still operating under regulatory leniency frameworks introduced in the aftermath of COVID-19 and the economic dislocations that followed.
The apex bank has since begun phasing out those frameworks as part of efforts to tighten prudential standards, strengthen capital buffers, and reduce risk in the financial system.
Despite that the directive has raised investor concerns about the near-term earnings outlook for several banks, including tier-1 players like Zenith, FirstBank, and Access Bank, Zenith said its position remains strong and that it expects to meet all regulatory conditions necessary to resume dividend payments this year.
“We remain confident that the Bank will satisfy all relevant conditions to enable it to pay dividends to shareholders in the current year,” the statement read.
The Bank also clarified that its forbearance status relates to just a single obligor under the Single Obligor Limit (SOL), which it expects to regularise by June 30, 2025.
It further disclosed that only two other customers are tied to its remaining forbearance-related credit exposures.
“With respect to the forbearance granted on other credit facilities, the Bank confirms that this applies only to two customers.”
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It noted that substantial provisioning has already been made for these loans, with full resolution expected before the end of the first half of 2025.
Once these steps are completed, Zenith says it will no longer fall under any CBN forbearance monitoring.
“We have made substantial provisions in respect of these facilities and have taken appropriate and comprehensive steps to ensure full provisioning by 30 June 2025.
The Bank expects to exit all CBN forbearance arrangements by the end of the first half of 2025.