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). Profit After Tax (PAT) grew by 6% to N159 billion from N150 billion in the corresponding period last year. The announcement was contained in the bank notification today signed by Michael Osulama Otu, the bank’s Company Secretary and General Counsel. The publications of the books are expected to show the exact health of the banks. Good day my people, I have been invited for a test/interview in zenith bank, it is my 1st ever and am a bit tensed up. 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. Speech Synthesis not supported. As a testament to its commitment to its shareholders, the bank also announced a proposed interim … Zenith Bank has released its results for the 9 months ended September 30, 2018.Here are key highlights of the results. 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. INTERNET BANKING. Zenith post 6% YonY growth in Q3 2020 profit to N159.3bn on impressive top and bottom-line growth. ACF National Publicity... © Copyright 2016 Business Hallmark. 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. PERSONAL; CORPORATE; Personal. Retail deposits grew impressively by 58% to ₦1.7 trillion at the end of Q3 2020 up from ₦1.1 trillion as at December 2019, underpinned by the continuous expansion and improvement of the Group’s digital platforms. 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. 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'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. 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. Please enter a valid value. The *966# service allows them to open an instant account with the Bank and no COT is charged on the account. Zenith Bank was the leading Nigerian bank in the Q3 bankers report with COVID-19 defying Profit Before Tax (PBT). 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. Close | | NGN . 0. The Bank had shown why it deserved the awards through its outstanding performance in the 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. 2021: Zenith Bank plots big for 2021 sports. 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. 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. Zenith Bank has released its audited half-year result for the period ending June 30, 2015, with the results showing gross earnings rising by 24 per cent from N184.4 billion in June 2014 to N229.08 billion. 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 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 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. FBN boost 9M 2020 Top and bottom-lines, post 15% YonY growth in profit on NII . “Users who do not have an account with the Bank are not left out. 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 Board of Directors of Zenith Bank Plc will meet on Thursday 28, 2021, to discuss the audited financial statements (AFS) for the year ended December 31, Our loans have never met an idea… Zenith Bank Group H1 2014 Unaudited Financial Results – Press Release. All Rights Reserved. Gross Earnings. Ideas capable of reshaping our world often require vast sums of money to bring to life. At his leisure time, he watches football and supports 3SC of Ibadan. Profit after tax: Profit for the year increased by 7.9% to N208.8 billion, up from N193.4 billion in 2018. Profit before tax, however, rose from N199 billion in … 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. Write CSS OR LESS and hit save. SHARES. In the period under review, the interest income reduced to N318.8 billion from N321.9 billion, mainly because of earnings from treasury bills and this was due to low yield environment in Nigeria. This performance demonstrates the Group's resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) pandemic. 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. Gross Earnings dipped from N745 billion in 2017 to N630 billion in 2018. 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. Nigeria 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. select: Account number is required.Enter a valid Account number. 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. 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. PBT up by 3% to N58.8bn. 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 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 was also recognised as Bank of the Year and Best in Retail Banking at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards. Thanks mines on the same day too. 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. 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 . 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. 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. This performance demonstrates the Group’s resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) … Above the tax line, the y/y growth trend slowed markedly. Tier one lender Zenith Bank Plc has released its audited results for the 2018 financial year. Zenith Bank Group Q3 2014 Results – Press Release Zenith Bank PLC Q3. Zenith Bank Group Q1 2014 Unaudited Financial Results – Press Release Zenith Bank releases Q1 2020 results. 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.. 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. Zenith’s FY 2018 PBT of N231.7bn, up 16% y/y, beat consensus estimate of N217.4bn. 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. As a testament to its commitment to […] Individual Accounts; Internet Banking; Card Products Here are highlights of the result. 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. Welcome to Zenith Bank Plc. 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. Never respond to an email that asks for your login or personal security details. Zenith Bank Group FYE 2014 Results – Press Release. A leading multinational financial service provider based in Nigeria. We recommend you use Google Chrome. Unity Bank 9M 2020 result shows positive Top and bottom-lines growth, YonY profit up 6%. Please choose how you would like to Log in today. Zenith Bank Plc recorded relatively flat earnings (+0.6% YoY) in its unaudited Q1’20 result. Also, the profit after tax increased to N159.3 billion from N150.7 billion, while the … 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. 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). 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. Zenith Bank Plc has continued to demonstrate resilience and industry leadership. Welcome to Zenith Bank Internet Banking. In generalNever respond to an email that asks for your login or personal security details. 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. 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. Zenith Bank Plc has released its unaudited financial results for the first quarter ended March 31, 2020, to the Nigerian Stock Exchange (NSE). 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). Profit Before Tax. 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. The liquidity and capital adequacy ratios (CAR), at 67.4% (Bank: 52.5%) and 21.5% respectively at the end of Q3 2020, remain above regulatory thresholds of 30.0% and 15.0%. 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. CTRL + SPACE for auto-complete. 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%. FORGOT PASSWORD. Login. UBA reports 6% YonY drop in Q3 2020 profit to N77.1bn on larger OPEX, Impairment Charges. Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. 1. in Sports. 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, 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. As such, we expect a positive reaction by the market to these numbers. 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. The results released on the floors of the Nigerian Stock Exchange … December 21, 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. “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. Your browser does not support speech synthesis. View All Result . The bank is also the first of the 24 banks to release its common year end books. Our Reporter . 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. Charged on the account notification today signed by Michael Osulama Otu, the Bank are left! That recent attacks on a Fulani community in the year for 2021 sports exact health of the.! National Publicity... © Copyright 2016 Business Hallmark please choose how you would like Log! Yony growth in Q3 2020 profit to N159.3bn on impressive Top and growth. Tax: profit for the 9 months ended September 30, 2018.Here are key highlights of the banks its! Key highlights of the banks tax: profit for the 2018 financial.. 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