Table of Contents
Executive Summary 3
Introduction and General Company Description 4
Company Profile 4
History 4
Business Structure 4
Share holder structure 5
The Last Offer 6
Board of Directors/Management 6
Services/ Company Business 7
Score Cards 7
Awards & Achievements 8
Competitive Advantages 8
Strong Reputation 8
Impressive Financial Performance 9
Market Share 9
Awards and Ratings 9
Highly Diversified Revenue Base 9
Industry/ Sector Analysis: Challenges & Risk Factors 10
Challenges of the Nigerian Banking Industry Post-Consolidation 10
Perceived Market Risk 11
Economic/Industry risk 11
SWOT (Strength, Weaknesses, Opportunities and Threats) Analysis 12
Strengths & Opportunities 12
Weaknesses & Threats 12
Financial Analysis 12
Performance Overview (2003-2007) 12
Gross Revenue and Profit-After-Tax 12
Total Assets and Total Deposits 13
Asset Quality, Liquidity and Capital Adequacy 14
Earnings Performance 15
Investment Issues 19
Competitors Analysis 20
Zenith Bank and the Nigerian Stock Market 20
Recommendation 23
Sell/Buy Conclusion & ...