Zenith Bank posted a weaker bottom line for 2022 even though all key income streams recorded reasonable increase and revenue closed in on the N1 trillion mark, the lender’s audited annual report showed on Wednesday.
That in turn caused net interest income, a financial metric accounting for the difference between how much lenders charge for loans and what they pay out to savers for keeping their deposits, to shoot 14.3 per cent to N366.6 billion. At N132.8 billion, Zenith Bank earned 27.8 per cent more in net income on fees and commission, thanks to a surge in account maintenance fees and fees on electronic products.levy being the key pressure points.Profit before tax was slightly up by 1.5 per cent at N284.7 billion, while after-tax profit declined to N223.9 billion from N244.6 billion.
Source: News Formal (newsformal.com)
I think any serious minded person should not even operate account on that bank
Why won't it drop after stealing so much from customers? Thieves
No body should expect higher profit in Q1 with the Naira redesign, election wahala and frequent attacks on some branches.
At least they better pass UBAGroup
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Zenith Grows Earnings By 24% To N945.5bnZenith Bank Plc has announced its audited results for the year ending December 31, 2022, posting a double-digit growth of 24 per cent in gross earnings from My money 😂😂
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