According to the Bank's unaudited third quarter financial results presented to the Nigerian Exchange , the triple-digit growth in the topline also led to an increase in the bottom line, as the Group recorded a 99% Year on Year increase in profit before tax, growing from N505 billion in Q3 2023 to N1.0 trillion in Q3 2024. Profit after tax equally grew by 91% from N434.2 billion to N827 billion in the same period.
3%, underscoring the Bank's proactive approach in provisioning for credit risk. The Bank’s cost-to-income ratio rose to 39.5%, reflecting the impact of strategic investments in technology and capacity building aimed at supporting long-term growth, even as it continues to strive for greater operational efficiency. Zenith Bank’s asset quality remains a cornerstone of its strength, with a non-performing loan ratio of 4.5%, within regulatory limits. A high coverage ratio of 198.