By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Zenith Bank Plc Expands Global Presence with French Subsidiary Agreement
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Brands

Zenith Bank Plc Expands Global Presence with French Subsidiary Agreement

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: November 29, 2023
Share
4 Min Read
L-R: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu; French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht; Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and French Ambassador to Nigeria, Emmanuelle Blatmann during the signing of a Memorandum of Understanding (MoU) with the French Government for the establishment of a subsidiary in France, recently.
L-R: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu; French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht; Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and French Ambassador to Nigeria, Emmanuelle Blatmann during the signing of a Memorandum of Understanding (MoU) with the French Government for the establishment of a subsidiary in France, recently.
SHARE

Zenith Bank Plc has taken a significant step in its global expansion strategy by signing a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary in France.

The MoU, signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht on Friday, November 24, 2023, marks a strategic move for the Nigerian financial institution.

The agreement allows Zenith Bank, through its wholly-owned subsidiary, Zenith Bank (UK) Limited, to seek and secure regulatory approval from the Autorite’ de Controle Prudentiel et de Resolution (ACPR) to establish a strategic presence in France.

This development aligns with Zenith Bank’s commitment to expanding its international footprint and enhancing its global financial services.

- Advertisement -

During the signing ceremony, Jim Ovia expressed his pleasure, stating, “It gives me great pleasure to welcome you to Nigeria and Zenith Bank. I am indeed very delighted about the signing of this MoU with France. For me, it is an honour to do this on behalf of the bank, and we look forward to securing the licence and starting operations in early 2024.” He extended gratitude to the French Ambassador to Nigeria, Emmanuelle Blatmann, and her colleagues at the French Embassy for their efforts in improving French-Nigerian business relations.

The French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht, also spoke during the ceremony, expressing appreciation for Zenith Bank’s decision to open a branch in Paris said: “We are thrilled to welcome in France Zenith Bank’s first office inside the European Union. For us, that’s a very good signal, and it is undoubtedly a demonstration of mutual confidence. No doubt also that your vision on international finance guided you to decide to open this branch and this decision in many respects can also be regarded as a milestone in French-Nigerian economic relations and an illustration of our friendship”. He noted that the government of President Macron had adopted a pro-business agenda in order to make France more attractive by undertaking several reforms in labour law, simplifying a lot of procedures and cutting business taxes, corporate taxes and production taxes by more than 25 billion Euros, adding that “we hope that the opening of the branch of Zenith Bank in France will also be an occasion to boost the French-Nigerian business in order to have more French companies investing in Nigeria and also to have more Nigerian companies investing in France”.

Zenith Bank has consistently set itself apart in the Nigerian financial services industry, renowned for superior service offerings, exceptional customer experiences, and robust financial indices.

The bank is a leader in the digital space, with innovative products and solutions, as well as alternative channels ensuring convenient, speedy, and secure transactions.

- Advertisement -

In addition to its presence in Nigeria, Zenith Bank has subsidiaries in Ghana (Zenith Bank Ghana Limited), Sierra Leone (Zenith Bank Sierra Leone Limited), and The Gambia (Zenith Bank Gambia Limited). The bank also maintains a Representative Office in The People’s Republic of China.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Zenith Bank
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Tinubu Travels to Dubai on Wednesday for COP28 Climate Summit
Next Article Olubunmi Tunji-Ojo Automation of Passport Applications Reaches 99%, Set to Go Live Next Week, Says Interior Minister

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?