Home Business 2020 FY: Zenith Bank Leads GTBank, UBA In N545.75bn Profit

2020 FY: Zenith Bank Leads GTBank, UBA In N545.75bn Profit

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Three leading banks in Nigeria, Zenith Bank Plc, United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTBank) reported N545.75billion profit after tax in full-year results for period ended December 31, 2020 as against N494.78billion reported in 2019.

The three banks’ profit after tax rose by 10.3per cent.

Western Post gathered that Zenith Bank of the three banks has the highest total assets in 2020.

Zenith Bank closed 2020 financial year with N8.48trillion total assets.

In terms of dividend payout to shareholders, the likes of Zenith bank and GTBank declared N3.00 total dividend in the year under review.

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