Zenith Bank Plc has assured shareholders of its imminent exit from the Central Bank of Nigeria’s (CBN) regulatory forbearance regime, confirming that it is on track to meet the June 30, 2025, compliance deadline.
The forbearance, introduced by the CBN earlier in the month, restricts dividend payments and foreign investments by banks that exceed their Single Obligor Limits (SOL) or have unresolved credit exposures. In response, Zenith Bank disclosed that its exposure relates to a single obligor, for which full provisioning has already been made.
“We expect to be fully compliant by the end of June,” the bank stated, adding that only two facilities are currently under forbearance. “We have made appropriate provisions and are confident in our capital strength and asset quality.”
In addition to resolving its forbearance status, Zenith Bank has reportedly surpassed the apex bank’s revised minimum capital requirement of ₦500 billion, further reinforcing its financial resilience and readiness to resume value returns to investors.
The assurance from Zenith Bank comes amid cautious optimism in the capital markets, where investors have been seeking clarity from top-tier banks affected by the new directive.
With compliance plans well underway, Zenith’s proactive stance may signal a broader industry rebound as the June 30 deadline approaches.
