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ZENITH BANK NEWS
News and analysis about Zenith bank
In its 9-month financial results for 2023, Zenith Bank recorded a remarkable pre-tax profit growth of 149.05% year-over-year, totalling N505.036 billion, the highest in Nigeria for this period.
Major Nigerian banks on the Nigerian stock exchange reported bumper interest income in the first nine months of 2023 as their aggregate loan books grew by N8.45 trillion between January and September 2023.
Zenith Bank is set to award N59 million to Nigerian startups through its pitch competition tagged Zechathon 3.0, where young innovators will present their ideas.
On the back of ever-rising interest rates in Nigeria, banks have risen to the occasion to become some of the most profitable entities in Nigeria in 2023.
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording triple-digit growth of 114%.
Zenith Bank reported its 2023 third-quarter results showing pre-tax profits grew by 113.20% year on year, reaching N154.675 billion.
Nigerian leading commercial banks recorded significant FX revaluation gains estimated at a combined gain of about N1.7 trillion in the first half of 2023, a significant increase compared to a combined gain of N66.559 billion in H1 2022.
Nigeria's leading commercial banks suffered loan losses estimated at a combined $1 billion in the first half of 2023.
These are the top banks in Nigeria with the highest account maintenance revenue in H1 2023
According to data from Nairalytics, nine of the largest banks recorded a total asset of N90.4 trillion 35% higher than the N67 trillion recorded at the end of 2022.
Zenith Bank Plc reported its 2023 Half-year results showing pre-tax profits grew by 169.50% year on year, reaching N350.36 billion.
The board of Zenith Bank Plc has announced a delay in the release of its Half-Year (HY) financial results due to post-audit issues.