ZENITH Bank is returning to the stock market to raise N150 billion at N38/36 per share.

The offer is coming at an attractive discount considering the current price in the market.

Investors who bought the bank's shares at N16.90 when the IPO opened on sometime back have seen their investments appreciate over time.

Proceeds of the offer, scheduled to open in a few weeks, are expected to be utilised for branch expansion, information and communications technology and beefing up working capital.

Investors would be particularly happy to note that Zenith Bank has done very well in the banking sector and set a pace after consolidation.

The bank remains a good place to invest because of its strong, stable management as well as its expansion plans, which witnessed a leap from 78 branches to over 200 branches.

The prospect for a successful outing was bright because the bank delivered on all promises made when it went to the market through an initial public offering (IPO)
and has recently stretched it hands to helping everyone by introducing Consumer loans to the public.(contact me for more on this)

The announcement of the offer, which is also coming on the heels of the release of the bank's six month result that showed that it earned a N6.4 billion profit before tax for the half-year ended December 31, 2005 has already put shareholder groups on notice.

The banks plan to return to the stock market has been endorsed and will debut in a few weeks.

To be part of this exciting business leap call me,08033349015,08024581820 or email,ridge9090@yahoo.com or nsikan.benson@zenithbank.com.

Nairalanders YOU heard firsthand news!!Go for gold!

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