Banking

Zenith Bank grows gross earnings by 24% to N946bn

Zenith Bank Plc grew its gross earnings by 24 per cent from N765.6n as of the end of 2021 financial period to N945.5bn in the corresponding period of 2022. The bank disclosed this in a statement on Tuesday on its audited results for the year ending December 31, 2022, titled ‘Zenith Bank grows gross earnings by 24 per cent to N945.5bn in 2022’. As part of its commitment to shareholders, the…
Read more
Banking

The Central Bank approves holdco status of Zenith Bank.

The Central Bank of Nigeria has approved in principle for Zenith Bank to operate as a financial holding company. In a statement signed by the Company Secretary, Michael Otu, on Friday, the bank revealed plans to change its organisational structure. With this change, the…
Banking

Zenith Bank receives permission to operate as HoldingCo.

The Central Bank of Nigeria has given approval in principle to Zenith Bank to operate as a financial holding company. In a statement signed by the Company Secretary, Michael Otu, on Friday, the company revealed plans to change its organisational structure. With this…
Banking

Zenith Bank retains First position leading bank

Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75bn, emerging as the 460th Bank globally. The ranking, which was published in the July 2022 edition of The…
Read more
Banking

11 Banks post N262 billion net profit in Q1

Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022. The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for…