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. Here are highlights of the result. 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. Never respond to an email that asks for your login or personal security details. Nigeria Zenith Bank Group H1 2014 Unaudited Financial Results – Press Release. If the apex bank is satisfied, it will authorise Zenith Bank to go ahead with the payment and allow the lender to release the results to the investing public. The deposits from customers, according to the financials of Zenith Bank, increased year-to-date to N5.2 trillion from N4.0 trillion in December 2019. 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. 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). Zenith’s FY 2018 PBT of N231.7bn, up 16% y/y, beat consensus estimate of N217.4bn. Welcome to Zenith Bank Plc. 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. On the topline, according to the results, the gross earnings increased to N509.0 billion from N491.3 billion, with the Nigerian operations contributing N441.6 billion to the figures, higher than the N425.8 billion last year. Zenith Bank Plc recorded relatively flat earnings (+0.6% YoY) in its unaudited Q1’20 result. 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 bank is also the first of the 24 banks to release its common year end books. 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. Ideas capable of reshaping our world often require vast sums of money to bring to life. Please enter a valid value. 1. We recommend you use Google Chrome. Profit before tax, however, rose from N199 billion in … All Rights Reserved. Your browser does not support speech synthesis. 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. This performance demonstrates the Group's resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) pandemic. in Sports. Gross Earnings. Zenith Bank was the leading Nigerian bank in the Q3 bankers report with COVID-19 defying Profit Before Tax (PBT). At his leisure time, he watches football and supports 3SC of Ibadan. Profit After Tax (PAT) grew by 6% to N159 billion from N150 billion in the corresponding period last year. Zenith Bank 15 month Results Zenith Bank became the first quoted Nigerian bank to publish its December 2009 results, by announcing its audited results for the 15 month period ended December 31, 2009. 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. According to the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings were up 4% year-on-year (y-o-y) to ₦509 billion, driven by non-interest income which increased to ₦173 billion from ₦157 billion recorded at the end of Q3 2019, reflecting the Group’s increasingly diversified business model. 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. Above the tax line, the y/y growth trend slowed markedly. Zenith Bank has released its results for the 9 months ended September 30, 2018.Here are key highlights of the results. As a testament to its commitment to its shareholders, the bank also announced a proposed interim … Please i need help on the kind of stuffs to expect such as questions, answers, ideal dress code and manner of composure, please your experience could save a brother from flopping . Our loans have never met an idea… View All Result . Zenith Bank's Q2 2020 PBT missed our forecast because of a negative surprise in loan loss provisions which overshadowed positive surprises in funding and non-interest income. INTERNET BANKING. 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. 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. 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. Please choose how you would like to Log in today. “Please refer to our announcement dated July 3, 2020, through which we notified the Nigerian Stock Exchange (NSE) and the investing public of the board meeting of Zenith Bank. In generalNever respond to an email that asks for your login or personal security details. 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 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. FORGOT PASSWORD. 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. Individual Accounts; Internet Banking; Card Products The Bank had shown why it deserved the awards through its outstanding performance in the year. Zenith Bank Plc has announced profit before tax (PBT) of N111.7billion and proposed interim dividend of 30 kobo per share for the half-year ended June 2019 (H1’19). 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. December 21, 2020 . 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. Also, the profit after tax increased to N159.3 billion from N150.7 billion, while the … Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. 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). 0. Login. 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. A leading multinational financial service provider based in Nigeria. 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. From the result, Zenith Bank increased its gross earnings to N346.1 billion from N331.6 billion as interest income rose to N217.0 billion from N214.6 billion, while its Profit After Tax (PAT) grew by 16.8% to N103.8bn from N88.9 billion in the previous quarter, despite the COVID-19 pandemic and lockdown. Zenith Bank Plc has continued to demonstrate resilience and industry leadership. ACF National Publicity... © Copyright 2016 Business Hallmark. Profit after tax: Profit for the year increased by 7.9% to N208.8 billion, up from N193.4 billion in 2018. 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. Zenith Bank Plc has released its unaudited financial results for the first quarter ended March 31, 2020, to the Nigerian Stock Exchange (NSE). PERSONAL; CORPORATE; Personal. UBA reports 6% YonY drop in Q3 2020 profit to N77.1bn on larger OPEX, Impairment Charges. 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. The announcement was contained in the bank notification today signed by Michael Osulama Otu, the bank’s Company Secretary and General Counsel. However, the lower interest expense of N93.6 billion in the first nine months of this year as against the N107.3 billion in the same time of 2019 helped the net interest income to close higher at N225.2 billion as at September 30, 2020, compared with N214.6 billion in the corresponding period of last year. 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. Profit Before Tax. 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. “Users who do not have an account with the Bank are not left out. 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.. 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. More recently, the Bank emerged as the Most Valuable Banking Brand in Nigeria, for the third consecutive year, in the Banker Magazine “Top 500 Banking Brands 2020”, Number One Bank in Nigeria by Tier-1 Capital in the “2020 Top 1000 World Banks” Ranking published by The Banker Magazine, Best Bank in Nigeria 2020 in the Global Finance World’s Best Banks Awards 2020, and Bank of the Decade (People’s Choice) at the ThisDay Awards 2020. 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. As such, we expect a positive reaction by the market to these numbers. Close | | NGN . 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. 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