Zenith Bank has disclosed that its Ghana subsidiary delivered a pretax profit of N193.3 billion, rising sharply from N82.2 billion recorded in the previous year.
The growth came from strong operations, with operating income rising to N483.5 billion from N247 billion, showing clear improvement in overall performance.
After subtracting N271.1 billion in expenses and N18.9 billion in impairments, pretax profit reached N193.3 billion, while profit after tax was N118.8 billion, making up 11.42% of the group’s total earnings.
The subsidiary’s balance sheet shows customer deposits climbed to N2.8 trillion, representing 11.9% of the group’s N24.3 trillion, up from N1.6 trillion the previous year.
What the subsidiary’s balance sheet is saying
At Zenith Bank Ghana, cash and cash equivalents stood as the largest asset at N1 trillion in 2025, accounting for 14.52% of group cash balances, up from N607.3 billion in 2024.
- Loans and advances to customers grew significantly to N993.5 billion, reflecting stronger lending activity compared to N360.9 billion recorded in the prior year.
- Similarly, treasury bills, the third-largest asset class, increased to N735.9 billion, representing 15.7% of group holdings, up from N207.3 billion previously.
On the liabilities side, customer deposits jumped to N2.8 trillion, forming the bulk of total liabilities of N3.7 trillion, compared to a total of N2.09 trillion in the prior year.
Equity and reserves climbed 81.02% to N509.4 billion, while borrowings increased to N274.1 billion, as the group retained a 99.42% stake in its Ghanaian subsidiary.
Get up to speed
Zenith Bank Group published its audited 2025 results on 7th April 2026, showing a pre-tax profit of N1.26 trillion, slightly down 4.78% compared to the previous year.
- The performance was driven by strong top-line growth, with interest income rising to N3.6 trillion from N2.7 trillion in 2024.
- Loans and advances to customers led the income growth at N1.8 trillion, up 20.15%, while treasury bills contributed N1.1 trillion.
- On the non-interest side, fees and commissions rose 41.06% to N291.8 billion, with other operating income at N176.2 billion, although a N63.1 billion trading loss affected overall pretax profitability.
However, the board proposed a final dividend of N8.75 per share, up from N4.00, bringing total FY2025 dividends to N10.00 per share, including a N1.25 interim payout.
What you should know
Apart from Zenith Bank in Nigeria, Zenith Bank Ghana has customer deposits of N2.8 trillion, leading other subsidiaries and surpassing Sierra Leone’s N143.8 billion and Gambia’s N84.1 billion.
- Zenith Bank Ghana contributed 11.5% to the group’s operational profitability, generating N483.5 billion of the N4.1 trillion total for the group.
- Investment securities in Ghana rose to N525.6 billion, making it the fourth-largest asset class, up from N445.4 billion in the previous year.
Zenith Bank Ghana is not listed on the Ghana Stock Exchange (GSE); however, Zenith Bank on the Nigerian Exchange has gained 66.7% year-to-date.
