Tag Archives: Zenith Bank

In a clear show of its resilience and strong market share, Zenith Bank has announced an impressive result for the year ended December 31, 2018 with profit before tax (PBT) rising to N232 billion for the 12 months ended December 31, 2018.  Also, in demonstration of its commitment to its shareholders, the bank has announced a proposed final dividend pay-out …

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Zenith Bank Plc, Nigeria’s second-biggest lender, is increasing its focus on consumer lending as lower oil prices weigh on the economy, hurting its business customers. The Lagos-based bank is expecting to expand retail loans as a percentage of total credit to about 4 per cent this year from less than 1 percent in 2018, Chief Executive Officer Peter Amangbo said …

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The board of directors of Zenith Bank Plc has approved the bank’s financial results for the year ended December, 31, 2018. In a notification to the Nigerian Stock Exchange (NSE), the Company Secretary-General and Counsel, Zenith Bank, Mr. Michael Otu, said that the results was approved on January 18. “Consequent upon the approval, the said audited accounts will be forwarded …

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Poised to ensure its customers are protected and operate their accounts in a safe and secure environment, Zenith Bank has scored yet another first with the introduction of Account Blocking code *966*911#. A statement by the bank at the weekend said customers who suspect their accounts have been compromised, or who lost/misplaced their debit (ATM) cards can dial the Block …

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Zenith Bank Plc, on Wednesday October 17, 2018, reported that its Gross Earnings fell from N531 billion in 2017 to N474 billion for the third quarter ended September 30, 2018. This amounts to a 10.7 percent decline year on year. According to the third quarter unaudited financial statement, profit before tax increased from N152 billion in 2017 to N167 billion …

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–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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Chairman of Zenith Bank, Jim Ovia, has been commended by the Lagos State Governor, Akinwunmi Ambode, on Monday for his contributions to the accountancy and banking professions. He also called on other entrepreneurs in Africa to take time to expose the younger generations to path to becoming successful business owners. Governor Ambode, who spoke at the public presentation of ‘Africa …

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Zenith Bank Plc on Thursday April 19, 2018 joined Guaranty Trust Bank Plc among the tie one banks to release their first quarter financial performance for the period ended March 31, 2018. According to the unaudited result that was submitted to the Nigerian Stock Exchange (NSE) the bank was able to sustain profit after tax by 25.55 percent. Details of …

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…As Shareholders Smiles’ Home With N2.45 Final Dividend Zenith Bank Plc has announced a final dividend of N2.45 kobo per share for the full year ended December 31, 2017. The final dividend is in addition to the 25 kobo interim dividend that was paid last year. Amounting to N2.70 kobo total dividend for the 2017 financial year. According to the …

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Zenith Bank’s Q3 2017 results which have just been published show low single digit y/y declines in both PBT and PAT. Although profit before provisions of N114bn showed a greater decline (-8% y/y),  those on the provisions and opex lines proved significant, helping to limit the decline on the PBT line. Both revenue lines contributed to the decline in profit …

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