Zenith Bank Plc says its gross earnings rose by 10 per cent to N765.6bn as of the end of December 2021, from N696.5bn recorded in the corresponding period of 2020.
The lender its audited financial results for the 2021 financial year presented to the Nigeria Exchange Group showed that this was on the back of a 23 per cent year-on-year growth in non-interest income from N251.7bn to N309bn, and a two per cent YoY growth in interest income from N420.8bn to N427.6bn.The increase was due to growth in the top-line and strong management of the treasury portfolio that increased efficiency, resulting in a drop in interest expense by 12 per cent from N121.
The statement said, “Customer deposits increased by 21 per cent, growing from N5.34tn in the previous year to N6.47tn in the current year.
one of the most useless banks always having network problem Fridays transactions aren't guaranteed
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Banks are profiting heavily from masses throes, while other sectors r groaning, only banks record profits. How come? 🤔
When they debit you every day for what you don’t know why won’t they grow and the government is saying nothing about it
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Only the daily subtractions I get from you is edging close. Criminals
ZenithBank borrow ASUU the 756bn so that students will resume back to school
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