Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Zenith  Bank  9 month 2017 earnings jump 52.8% to N581 billion

Onome Ohwovoriole by Onome Ohwovoriole
October 19, 2017
in Business News, Company News
Jim Ovia

Jim Ovia, Chairman, Zenith Bank

Share on FacebookShare on TwitterShare on Linkedin

Zenith Bank today released its financial statements for the 9 months ended September 2017. Gross Earnings increased from N380 billion in 2016 to N581 billion in 2017. Profit before tax increased from N116 billion in 2016 to N152 billion in 2017. Profit after tax also increased massively from N95 billion in 2016 to N129 billion in 2017.

9M 2016 9M 2017 Percentage Change
Gross Earnings 380 581 52.8%
Profit before tax 116 152 31%
Profit after tax 95 129 35%
Earnings per share (kobo) 303 411  35.6%

 

Key drivers behind the result

RelatedPosts

Top 5 banking apps in Nigeria that have crossed 5 million downloads on Google Play Store  

Binance adds 12 Nigerian banks to its Peer-to-Peer platform

Earnings from fees and commission, trading, and segments moved up massively.  Earnings from fees and commission jumped massively fom N46 billion in 2016 to N71 billion in 2017. Trading income jumped from N16.4 billion in 2016 to N81 billion in 2017.

The massive rise in trading income was majorly due to income from treasury bills trading which jumped massively by 961% from N4.9 billion in 2016 to N52 billion in 2017. Foreign exchange trading income also increased sharply by N150%  from N11.2 billion in 2016 to N28 billion in 2017.

News continues after this ad


Zenith bank shares are currently trading at N26.26 in today’s trading session on the Nigerian Stock Exchange (NSE), down 0.05%.

 

Here is a copy of the results.

News continues after this ad


 

Related

Tags: Zenith Bank News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • FUGAZ investors lose N38 billion in trading week ended August 12, 2022
    • Why the crypto market is still a big deal in Nigeria
    • Trade Union Congress opposes privatisation of public healthcare facilities

    Follow us on social media:

    Recent News

    Profit-taking in FUGAZ stocks weigh down the NGX, taking the Market Cap to N21.91 trillion,

    FUGAZ investors lose N38 billion in trading week ended August 12, 2022

    August 13, 2022
    Top 5 cryptocurrencies to watch in May 2022

    Why the crypto market is still a big deal in Nigeria

    August 13, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com