zenith bank results

Thanks mines on the same day too. In generalNever respond to an email that asks for your login or personal security details. The lender, in the financial statements released today, declared a profit before tax of N177.3 billion as against the N176.2 billion achieved in the same period of last year. Also, the profit after tax increased to N159.3 billion from N150.7 billion, while the earnings per share (EPS) improved to N5.07 from N4.80. The *966# service allows them to open an instant account with the Bank and no COT is charged on the account. The result also demonstrates the Group’s ability to deliver optimal pricing for its interest-bearing assets and liabilities in a declining yield environment, as net interest income grew by 5% Year-on-Year (y-o-y) to ₦225 billion despite the drop in total interest income from ₦322 billion to ₦319 billion. CardinalStone Research Zenith Bank Plc (ZENITHBANK: TP 28.14 – BUY) has reported an 8.1% YoY increase in EPS to N6.65 for FY’19 (audited), largely supported by a 29.0% YoY growth in non-interest revenue (NIR). The announcement was contained in the bank notification today signed by Michael Osulama Otu, the bank’s Company Secretary and General Counsel. The Bank had shown why it deserved the awards through its outstanding performance in the year. The lender, in the financial statements released today, declared a profit before tax of N177.3 billion as against the N176.2 billion achieved in the same period of last year. Never respond to an email that asks for your login or personal security details. Tier one lender Zenith Bank Plc has released its audited results for the 2018 financial year. UBA reports 6% YonY drop in Q3 2020 profit to N77.1bn on larger OPEX, Impairment Charges. Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2020 with with a Profit Before Tax (PBT) of N177 billion, representing a 1% growth over the ₦176 billion posted in the same period in the previous year. In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. In recognition of its track record of excellent performance, Zenith Bank was voted as the Best Commercial Bank in Nigeria 2019 by the World Finance and the Best Digital Bank in Nigeria 2019 by Agusto and Co. Profit before tax: Zenith Bank’s BBT for the period under review stood at N243.3 billion, indicating a 5.0% increase when compared to N231.7 billion that was recorded in FY 2018. We recommend you use Google Chrome. Individual Accounts; Internet Banking; Card Products Its secure and user friendly digital experience on Mobile Banking, Internet Banking and Corporate Internet Banking makes it the preferred Bank for Retail Banking, Personal Banking, SMEs, Corporate Banking, Investment Banking. The growth was driven by non-interest income which grew by 11% to ₦173 billion from ₦157 billion recorded at the end of Q3 2019, reflecting the Group’s increasingly diversified business model. At Zenith Bank, we view ourselves as your financial partner, that is why we are willing to go the extra mile to ensure you have complete confidence and peace of mind in your Internet Banking experience with us. Zenith's Q4 PAT grew markedly by 176% y/y to c.N70bn, thanks to a positive result of N11.9bn in other comprehensive income (OCI) and a lower effective tax rate of 13.4% compared with 59.4% in Q4 2018. Unity Bank 9M 2020 result shows positive Top and bottom-lines growth, YonY profit up 6%. Zenith bank Plc, Nigeria’s tier 1 lender has announced its board approval of its half year 2020 audited financial statement and the decision of the bank to pay interim dividend for financial year 2020. “Users who do not have an account with the Bank are not left out. Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2020 with gross earnings rising by 4% to N 509 billion from N 491 billion posted in the same period in the previous year. The bank’s performance reflected a 42.8% YoY jump in non-interest income which offset weaker net interest income (-5.4% YoY), higher operating expenses (10.1% YoY), and loan loss charges (+88.5% YoY). Here are highlights of the result. Zenith Bank Group FYE 2014 Results – Press Release. The Arewa Consultative Forum (ACF) has warned that recent attacks on a Fulani community in the Southwest may destabilize the country. In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. in Sports. Total deposits closed at ₦5.2 trillion at the end of Q3 2020 up from ₦4.3 trillion in December 2019, dominated by low-cost deposits. The bank reported a N50.5 billion Profit After Tax, an increase of 1 percent Year-on-Year (YonY) over the amount reported for the corresponding period in 2019. The bank also proposed a final dividend of N2.50 (vs. our N2.48 estimate) which implies a very attractive dividend yield of c.10%. Our Reporter . Zenith Bank Plc, Nigeria’s leading tier 1 lender and biggest in Balance Sheet size has released it financial statement for first quarter ended March 2020. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng, Powered By: Business Post Integrated | Copyright 2020, Naira Loses Stability Against Dollar at Black Market, Trades N475/$, Concerns Over Crude Oil Demand Pull Down Prices, Nigerian Stocks Tumble by 0.24% as Market Sentiment Wanes, Infinix Introduces HOT 10 Play into Nigerian Market, Google Threatens Australia Over Payments for News Contents, Seplat Wins Appeal to Unseal Headquarters, Pays N7.6bn Bond, DPR Urges Stakeholders to Embrace FG’s Digitalisation Policy, Why We Must Sell National Assets—Finance Minister, NEC Okays May & Baker, FG’s Move to Produce COVID-19 Vaccine, NSE Helps Investors Recover N305m Shares, Get N17m Compensation, COVID-19 Second Wave: Social Distancing and the Place of e-Commerce, JCI Ibadan to Plant 11,000 Trees Via Go-Green Afforestation Project, Ganduje Orders LG Chairmen to Constitute COVID-19 Committees, DisCos Get N14.4bn Loan for 263,860 Prepaid Meters. Profit after tax: Profit for the year increased by 7.9% to N208.8 billion, up from N193.4 billion in 2018. 0. FORGOT PASSWORD. Zenith Bank is also encouraging prospective customers to take the opportunity of the period to open an account and sign onto the service for maximum benefits. This performance demonstrates the Group’s resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) pandemic. Ideas capable of reshaping our world often require vast sums of money to bring to life. Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2020 with with a Profit Before Tax (PBT) of N177 billion, representing a 1% growth over the ₦176 billion posted in the same period in the previous year. Close | | NGN . Zenith Bank Plc has announced result for the year ended December 31, 2019, with profit after tax of N208.8 billion, achieving the feat as the first Nigerian bank to cross the N200 billion mark. In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. The publications of the books are expected to show the exact health of the banks. Also, the trading income increased to N89.8 billion from N66.9 billion as the other income jumped to N24.6 billion from N16.1 billion as a result of the loan recoveries of N2.6 billion, which was not there last year as well as the N891 million from the gain on disposal of equity investment, which was also absent in 2019. Business Post observed that in the first nine months of the year, the personnel expenses of Zenith Bank increased to N59.9 billion from N57.1 billion, while the operating expenses also rose to N115.2 billion from N102.7 billion. A leading multinational financial service provider based in Nigeria. All Rights Reserved. Revenue from the branches of the financial institution in other African countries contributed N53.9 billion, higher than N53.0 billion in 2019, while Europe accounted for N17.8 billion, lower than N18.0 billion a year ago. The Bank was also recognised as Bank of the Year and Best in Retail Banking at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards. As such, we expect a positive reaction by the market to these numbers. Above the tax line, the y/y growth trend slowed markedly. ACF National Publicity... © Copyright 2016 Business Hallmark. As a testament to its commitment to its shareholders, the bank also announced a proposed interim … Interest expense and cost of funds were down 13% and 27% to close at ₦94 billion and 2.2% respectively, reflecting the Group’s robust treasury and liquidity management. In terms of asset quality, the Group’s Non-Performing Loan (NPL) ratio improved to 4.80% (FYE 2019: 4.95%), despite growing loans and advances by 17 % from ₦2.5 trillion as at December 2019 to ₦2.9 trillion at the end of Q3 2020, affirming the Group’s prudent credit risk management. At his leisure time, he watches football and supports 3SC of Ibadan. 1. Zenith Bank has released its results for the 9 months ended September 30, 2018.Here are key highlights of the results. The Mr Ebenezer Onyeagwu-led Zenith Bank Plc maintained its position in the banking sector in Nigeria with a stronger performance in the third quarter of 2020. PBT up by 3% to N58.8bn. Zenith Bank Plc has released its unaudited financial results for the first quarter ended March 31, 2020, to the Nigerian Stock Exchange (NSE). SHARES. Please choose how you would like to Log in today. The Board of Directors of Zenith Bank Plc has announced that the company would observe a close period of trading from Monday, October 14, 2019, until 24 hours after the unaudited financial results for the third quarter ended September 30, 2019, are released to the public.. Please enter a valid value. The bank also proposed a final dividend of N2.50 per share which translates to a dividend yield of 12.6% based on the last close price. Zenith’s FY 2018 PBT of N231.7bn, up 16% y/y, beat consensus estimate of N217.4bn. View All Result . Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. Zenith Bank releases Q1 2020 results. Zenith Bank posts N177bn PBT in Q3 2020 results, Zenith Bank posts N177bn profit before tax in Q3 2020, Knights of St. Mulumba Inaugurates Youth Arm, Attack on Fulani may destabilise Nigeria ― ACF, African Business Council lauds kick-off of trading based on AfCFTA, US launches $1.9 trillion COVID-19 plan, resumes WHO support, Group lambasts Fayose for ‘instigating crisis’ in Southwest PDP, Dangote, Rabiu Adenuga make Africa’s top 10 billionaires’ list. Ideas capable of reshaping our world often require vast sums of money to bring to life profit! Fbn boost 9M 2020 Top and bottom-lines growth, YonY profit up 6 % growth, YonY up. Above the tax line, the Bank notification today signed by Michael Osulama Otu, the y/y trend... Of the books are expected to show the exact health of the books are expected to show the exact of... H1 2014 Unaudited financial Results – Press Release zenith Bank Plc has continued to demonstrate resilience industry! 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