Zenith Bank

According to its latest report, Zenith Bank Plc said for the financial year of 2021, it recorded 10percent year-on-year growth meaning that its gross earnings rose to N765.6 billion from N696.5 billion. 

Driving The News. 
Zenith bank Plc made an interest growth of N69.1 billion in 2022 despite the economic challenges COVID-19 presented. The financial reports said that the bank’s profit before tax growth of 10percent is because of the bank’s top-line and good management of its treasury portfolio. 

Also, Zenith Bank recorded a growth in retail and corporate deposits of 21 percent as deposits grew from N5.34 trillion in 2020 to N6.47 trillion in 2021. For 2022, Zenith Bank said it is committing to achieving greater feats by uniting its leadership fronts in the banking sector, innovation and technology. To that effect, the bank is proposing a dividend pay-out of N2.80 per share, making the total dividend N3.10 per share.

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