Zenith bank plc has reported 5.2 per cent increase in Profit Before Tax (PBT) to N255.86 billion in its audited financial statement for full year ended December 31, 2020 as against N243.29 billion PBT reported in prior full year ended December 31, 2019.
The lenders on its results on the Nigerian Stock Exchange (NSE) on Tuesday also reported 10.41 per cent increase in profit to N230.57 billion compared with N208.84 billion profit reported in 2019.
Western Post gathered that the lender’s management proposed final dividend of N2.70 for year ended 2020, about eight per cent increase over N2.50 declared in 2019.
Another highlight from the profit & loss figures showed 5.16per cent increase in gross earnings to N696.45 billion in 2020 as against N662.28 gross earnings reported in 2019.
Meanwhile, the balance sheet position of Zenith bank in the year under review showed an impressive increase in total assets by 33.63 per cent to N8.48 trillion in 2020 from N6.35trillion reported in 2019.