has announced its unaudited results for the first quarter ended March 31, 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. The growth in the topline arose from both interest income and non-interest income. 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.
Zenith Bank’s total assets grew by 9% from N9.45 trillion to N10.32 trillion in 2022, mainly driven by growth in customers’ deposits. Customer deposits grew by 12%, from N6.47 trillion in December 2021 to N7.25 trillion in March 2022. Savings account balance, which is solely retail grew by over N68 billion and is a validation of the robust customer acquisition strategy and versatile electronic platforms and digital channels.
Going into the remainder of 2022, the Group will continue to focus on sustainable growth across all its business segments and deploy technology platforms and digital assets intuitively to serve its various customers’ needs to deliver enhanced returns to its stakeholders.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPONSORED: Zenith Bank’s Growth Accelerates With 22% Rise In Gross Earnings In Q1 2022 | Sahara ReportersSPONSORED: ZenithBank's Growth Accelerates With 22% Rise In Gross Earnings In Q1 2022 | Sahara Reporters ZenithBank Growth with dubious charges and deductions. ZenithBank Why una no go grow ... Wey my debited fund since over 2 months now ? Una no gree refund am .... _Justpray_122 Kindly send us a Direct Message to enable us assist.
Source: SaharaReporters - 🏆 9. / 63 Read more »
Zenith Bank Records 22% Earnings Growth In Q1Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with a growth of 22 per cent in gross earnings from N157.3 Good How long have u been living with Diabetes,has Diabetes crippled some organs in ur body?do u sometimes urinate ur body?as a result of long term Diabetes in ur body,there's solution,let's help u out and put smile in ur face again with my powerful Herbal mixture that work like magic
Source: LeadershipNGA - 🏆 4. / 77 Read more »
SPONSORED: Zenith Bank’s Growth Accelerates With 22% Rise In Gross Earnings In Q1 2022 | Sahara ReportersSPONSORED: ZenithBank's Growth Accelerates With 22% Rise In Gross Earnings In Q1 2022 | Sahara Reporters ZenithBank Growth with dubious charges and deductions. ZenithBank Why una no go grow ... Wey my debited fund since over 2 months now ? Una no gree refund am .... _Justpray_122 Kindly send us a Direct Message to enable us assist.
Source: SaharaReporters - 🏆 9. / 63 Read more »
Zenith Bank Records 22% Earnings Growth In Q1Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with a growth of 22 per cent in gross earnings from N157.3 Good How long have u been living with Diabetes,has Diabetes crippled some organs in ur body?do u sometimes urinate ur body?as a result of long term Diabetes in ur body,there's solution,let's help u out and put smile in ur face again with my powerful Herbal mixture that work like magic
Source: LeadershipNGA - 🏆 4. / 77 Read more »
UBA Posts N183bn Earnings As Q1 Profit Hits N44bnUnited Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, posting a gross earnings of N183.9 billion
Source: LeadershipNGA - 🏆 4. / 77 Read more »