BREAKING: Growth In Fee, Commission Drives Zenith Bank Profit By 3% In H1

    0

    Zenith Bank Plc on Friday released its audited result and accounts for half year (H1) ended June 30, 2021 with a marginal increase in profit.

    The lender reported 42.3 per cent increase in net income on fees and commission to N47.66 billion in H1 2021 from N33.5billion reported in H1 2020 to drive its profit before tax by three per cent.

    Zenith Bank profit before tax closed H1 2021 at N117.06billion from N114.12 billion reported in H1 2020.

    The Board of Directors of Zenith Bank maintained interim dividend of N0.30 per share (2020: Interim dividend of N0.30 per share) from the retained earnings account as at 30 June, 2021.

    The audited result and accounts on the Nigerian Exchange Limited (NGX) revealed that the bank reported 2.2per cent increase in profit to N106.11 billion in H1 2021 from N103.83 billion reported in H1 2020.

    However, the bank’s total assets inched up marginally by 0.4 per cent to N8.5 trillion as at June 30, 2021 from N8.48 trillion reported in full year ended December 31, 2020.

    wema_bank_salary_based_loan

    Like and Share this:

    ADD YOUR COMMENT

    Please enter your comment!
    Please enter your name here