Zenith Bank Plc released its financial results for the year ended December 2015. The result showed that Net interest income rose by 8.75% from N206 billion in 2014 to N224 billion in 2015.
Commission fees and other income was down 6.19% from N89 billion to N84 billion, while the bank increased its operating expenses by 2.32% from N153 billion in 2014 to N157 billion in 2015.
Pre-tax profits rose by 4.86% from N119 billion in 2014 to N125 billion in 2015, while profit after tax rose by 6.24% from N99 billion to N105 billion.
The bank proposed a final dividend of N1.55 kobo per share in addition to the N0.25 kobo per share paid as interim dividend, which will amount to a total dividend payout of N1.80 for the 2015 financial year.
Zenith Bank was trading at N12.83 down 0.54% as at press time.