In a clear demonstration of its strong market share in Nigeria’s banking space, Zenith Bank Plc has posted a Profit After Tax (PAT) of N103.826 billion in its half year 2020 result, up from N88.882 billion recorded in H1 2019. This showed an increase of 16.8%.
This was announced by the financial institution in a statement sent to the Nigerian Stock Exchange on Thursday.
Despite the negative disruption of economic activities caused by the COVID-19 pandemic, the Tier-1 bank’s gross earnings grew by 4.4 % from N332 billion in H1,2019 to N346 billion in H1,2020
About a week ago, Mr. Ebenezer Onyeagwu the Group Managing Director/Chief Executive of Zenith Bank, urged players in the non-oil export value-chain including exporters and financial institutions to play their part in the drive towards expanding the nation’s non-oil export base.