Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022.
Profit after tax also grew by 10%, from N53.06 billion to N58.19 billion over the same period. Interest income grew by 25%, from N101.12 billion in Q1 2021 to N126.38 billion in Q1 2022, while non-interest income grew by 12%, from N51.20 billion to N57.23 billion.
Loans and advances also grew by 6%, from N3.5 trillion in December 2021 to N3.7 trillion in March 2022, boosting the Group’s interest income and displaying the Group’s appetite for high-yielding risk assets creation. This development also helped to boost the net interest margin , as it improved from 6.0% in March 2021 to 7.3% in the current period, while the capital adequacy ratio improved slightly from 21.1% to 22.1%.
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Daboos0 Kindly send us a Direct Message to enable us assist.
ZenithBank What direct messages, answer us here, let see how sincere you people are. Unreasonable deductions
ZenithBank Because they are stilling our money from unnecessary charges
_Justpray_122 Kindly send us a Direct Message to enable us assist.
ZenithBank Why una no go grow ... Wey my debited fund since over 2 months now ? Una no gree refund am ....
ZenithBank Growth with dubious charges and deductions.
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