Zenith Bank grows profit by 4.5% as at September 2019


Zenith Bank Plc has released its consolidated financial statements for the period ended September 31st, 2019 which show that the company and its subsidiaries recorded positive performances across most financial indicators. The breakdown is shown below.

Gross Earnings: Zenith Bank’s gross earnings in the last three quarters of 2019 stood at N491.2 billion, representing a 3.5% increase compared to the bank’s gross earnings of N474.6 billion during the comparable period in 2018.

Net Interest Income: This declined by 6% to N214.6 billion during the period under review, compared to N228.5 billion in September 2018.

Profit Before Tax: As at September 2019, Zenith Bank Plc reported a profit before tax of N176.1 billion compared to N167.3 billion in September 2018, thereby representing a growth of 5.3%.

Profit After Tax: This increased by 4.5% to N150.7 billion, compared to N144.1 billion in September 2018.

Earnings per share attributable to equity holders in Zenith Bank Plc stood at N4.80 during the period under consideration, compared to N4.58 as at September 2018.

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