Recently Zenith Bank has had  realization of the GH¢400 million minimum capital requirement set by the Bank of Ghana (BoG) has earned it a place among banking giants in Ghana.

It was because the GH¢400 million capital requirement is a 233 percent increase over the previous GH¢120 million benchmark which has been in place since 2012.

The bank’s first quarter unaudited financial results for this year, which revealed the bank’s capital strength, showed that it has the financial muscle to undertake big ticket transactions and by extension assist government to achieve its economic and transformational plans.

Henry Oroh, Managing Director of Zenith Bank, who commended the bank’s shareholders, board of directors and management for collaborating to make this happen, said Zenith Bank used funds from its income surplus to chalk the success.

“We are proud of this achievement.This follows a year of tremendous financial results that gave us substantial surpluses to boost our capital buffers. We have also, by this act, reinforced our standing in the industry and proven our ability to rise to the Central Bank’s call for a more sophisticated and robust capital framework within the industry.”