The result also demonstrates the Group’s ability to deliver optimal pricing for its interest-bearing assets and liabilities in a declining yield environment, as net interest income grew by 5% Year-on-Year (y-o-y) to ₦225 billion despite the drop in total interest income from ₦322 billion to ₦319 billion. Speech Synthesis not supported. Zenith Bank Plc, Nigeria’s leading tier 1 lender and biggest in Balance Sheet size has released it financial statement for first quarter ended March 2020. The Bank had shown why it deserved the awards through its outstanding performance in the year. Your browser does not support speech synthesis. Zenith Bank Group FYE 2014 Results – Press Release. Nigeria Tier one lender Zenith Bank Plc has released its audited results for the 2018 financial year. The growth was driven by non-interest income which grew by 11% to ₦173 billion from ₦157 billion recorded at the end of Q3 2019, reflecting the Group’s increasingly diversified business model. Also, the trading income increased to N89.8 billion from N66.9 billion as the other income jumped to N24.6 billion from N16.1 billion as a result of the loan recoveries of N2.6 billion, which was not there last year as well as the N891 million from the gain on disposal of equity investment, which was also absent in 2019. Business Post observed that in the first nine months of the year, the personnel expenses of Zenith Bank increased to N59.9 billion from N57.1 billion, while the operating expenses also rose to N115.2 billion from N102.7 billion. According to the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings were up 4% year-on-year (y-o-y) to ₦509 billion, driven by non-interest income which increased to ₦173 billion from ₦157 billion recorded at the end of Q3 2019, reflecting the Group’s increasingly diversified business model. Zenith Bank Plc has continued to demonstrate resilience and industry leadership. Gross Earnings dipped from N745 billion in 2017 to N630 billion in 2018. However, the lower interest expense of N93.6 billion in the first nine months of this year as against the N107.3 billion in the same time of 2019 helped the net interest income to close higher at N225.2 billion as at September 30, 2020, compared with N214.6 billion in the corresponding period of last year. CTRL + SPACE for auto-complete. The deposits from customers, according to the financials of Zenith Bank, increased year-to-date to N5.2 trillion from N4.0 trillion in December 2019. In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. From the result, Zenith Bank increased its gross earnings to N346.1 billion from N331.6 billion as interest income rose to N217.0 billion from N214.6 billion, while its Profit After Tax (PAT) grew by 16.8% to N103.8bn from N88.9 billion in the previous quarter, despite the COVID-19 pandemic and lockdown. FORGOT PASSWORD. 0. In terms of asset quality, the Group’s Non-Performing Loan (NPL) ratio improved to 4.80% (FYE 2019: 4.95%), despite growing loans and advances by 17 % from ₦2.5 trillion as at December 2019 to ₦2.9 trillion at the end of Q3 2020, affirming the Group’s prudent credit risk management. As a testament to its commitment to its shareholders, the bank also announced a proposed interim … Zenith bank Plc, Nigeria’s tier 1 lender has announced its board approval of its half year 2020 audited financial statement and the decision of the bank to pay interim dividend for financial year 2020. The Board of Directors of Zenith Bank Plc has announced that the company would observe a close period of trading from Monday, October 14, 2019, until 24 hours after the unaudited financial results for the third quarter ended September 30, 2019, are released to the public.. Profit After Tax (PAT) grew by 6% to N159 billion from N150 billion in the corresponding period last year. A leading multinational financial service provider based in Nigeria. Zenith Bank Group Q3 2014 Results – Press Release Zenith Bank PLC Q3. Also, the profit after tax increased to N159.3 billion from N150.7 billion, while the earnings per share (EPS) improved to N5.07 from N4.80. Unity Bank 9M 2020 result shows positive Top and bottom-lines growth, YonY profit up 6%. Zenith Bank posts N177bn PBT in Q3 2020 results, Zenith Bank posts N177bn profit before tax in Q3 2020, Knights of St. Mulumba Inaugurates Youth Arm, Attack on Fulani may destabilise Nigeria ― ACF, African Business Council lauds kick-off of trading based on AfCFTA, US launches $1.9 trillion COVID-19 plan, resumes WHO support, Group lambasts Fayose for ‘instigating crisis’ in Southwest PDP, Dangote, Rabiu Adenuga make Africa’s top 10 billionaires’ list. Total deposits closed at ₦5.2 trillion at the end of Q3 2020 up from ₦4.3 trillion in December 2019, dominated by low-cost deposits. Please i need help on the kind of stuffs to expect such as questions, answers, ideal dress code and manner of composure, please your experience could save a brother from flopping . The results released on the floors of the Nigerian Stock Exchange … Zenith Bank Plc has announced profit before tax (PBT) of N111.7billion and proposed interim dividend of 30 kobo per share for the half-year ended June 2019 (H1’19). The *966# service allows them to open an instant account with the Bank and no COT is charged on the account. This performance demonstrates the Group’s resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) … The publications of the books are expected to show the exact health of the banks. On the topline, according to the results, the gross earnings increased to N509.0 billion from N491.3 billion, with the Nigerian operations contributing N441.6 billion to the figures, higher than the N425.8 billion last year. Zenith Bank has released its audited half-year result for the period ending June 30, 2015, with the results showing gross earnings rising by 24 per cent from N184.4 billion in June 2014 to N229.08 billion. The Mr Ebenezer Onyeagwu-led Zenith Bank Plc maintained its position in the banking sector in Nigeria with a stronger performance in the third quarter of 2020. Retail deposits grew impressively by 58% to ₦1.7 trillion at the end of Q3 2020 up from ₦1.1 trillion as at December 2019, underpinned by the continuous expansion and improvement of the Group’s digital platforms. Its secure and user friendly digital experience on Mobile Banking, Internet Banking and Corporate Internet Banking makes it the preferred Bank for Retail Banking, Personal Banking, SMEs, Corporate Banking, Investment Banking. December 21, 2020 . Zenith Bank Plc has announced result for the year ended December 31, 2019, with profit after tax of N208.8 billion, achieving the feat as the first Nigerian bank to cross the N200 billion mark. CardinalStone Research Zenith Bank Plc (ZENITHBANK: TP 28.14 – BUY) has reported an 8.1% YoY increase in EPS to N6.65 for FY’19 (audited), largely supported by a 29.0% YoY growth in non-interest revenue (NIR). Profit before tax: Zenith Bank’s BBT for the period under review stood at N243.3 billion, indicating a 5.0% increase when compared to N231.7 billion that was recorded in FY 2018. Zenith Bank is also encouraging prospective customers to take the opportunity of the period to open an account and sign onto the service for maximum benefits. Please enter a valid value. Zenith Bank Group Q1 2014 Unaudited Financial Results – Press Release “Please refer to our announcement dated July 3, 2020, through which we notified the Nigerian Stock Exchange (NSE) and the investing public of the board meeting of Zenith Bank. Our loans have never met an idea… Zenith Bank Group H1 2014 Unaudited Financial Results – Press Release. SHARES. UBA reports 6% YonY drop in Q3 2020 profit to N77.1bn on larger OPEX, Impairment Charges. FBN boost 9M 2020 Top and bottom-lines, post 15% YonY growth in profit on NII . Also, the profit after tax increased to N159.3 billion from N150.7 billion, while the … Zenith Bank's Q2 2020 PBT missed our forecast because of a negative surprise in loan loss provisions which overshadowed positive surprises in funding and non-interest income. 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