• Latest
  • Trending
Zenith Bank’s profit rises 3% to N117bn in H1’21

Zenith Bank’s profit rises 3% to N117bn in H1’21

August 30, 2021
Kogi Guber: Sen Attai Aidoko withdraws from PDP governorship primaries.

Kogi Guber: Sen Attai Aidoko withdraws from PDP governorship primaries.

April 1, 2023
Moment Man Opposing Tinubu Inauguration Was Carried Off Plane For Delaying Flight

Moment Man Opposing Tinubu Inauguration Was Carried Off Plane For Delaying Flight

April 1, 2023
Ganduje to Abba Yusuf: Stop issuing official pronouncements, I’m still in charge

Ganduje to Abba Yusuf: Stop issuing official pronouncements, I’m still in charge

March 31, 2023
Nigeria Set To Launch Two More Satellites Into Space Soon – Defence Agency

Nigeria Set To Launch Two More Satellites Into Space Soon – Defence Agency

March 31, 2023
Nigerian University Lecturer Arraigned For Demanding Sex, Money From Female Student For Marks

Nigerian University Lecturer Arraigned For Demanding Sex, Money From Female Student For Marks

March 31, 2023
Interim govt: Nigerians won’t be intimidated into submission — Labour Party replies DSS

Interim govt: Nigerians won’t be intimidated into submission — Labour Party replies DSS

March 31, 2023
2023 Election: America Grants Permission To Protest Against Tinubu’s Victory

2023 Election: America Grants Permission To Protest Against Tinubu’s Victory

March 31, 2023
KSU FRAUD: Thirty One Million Naira Prince Abubakar Audu University Fraud, VC and Others Drag To court.

KSU FRAUD: Thirty One Million Naira Prince Abubakar Audu University Fraud, VC and Others Drag To court.

March 31, 2023
FAKE ALARM: DSS’ alarm of Interim Govt plot fake; it’s ploy to arrest PDP, LP presidential candidates – Atiku

FAKE ALARM: DSS’ alarm of Interim Govt plot fake; it’s ploy to arrest PDP, LP presidential candidates – Atiku

March 31, 2023
Turkey approves Finland’s NATO membership bid

Turkey approves Finland’s NATO membership bid

March 31, 2023
UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

March 31, 2023
Ghana Tupac, Ahuofe Dies Hours After Going Live On TikTok

Ghana Tupac, Ahuofe Dies Hours After Going Live On TikTok

March 30, 2023
ADVERTISEMENT
  • Contact
  • Africa
  • Coronavirus
  • Documentaries
  • Local news
  • News
Saturday, April 1, 2023
31 °c
Abuja
Sun
Mon
Tue
Wed
  • Login
Observer Times
  • Home
  • Politics
  • Business
  • Nation
  • Opinion
  • Crime
  • Entertainment
  • Inside Story
  • Sports
  • Tech
  • World
No Result
View All Result
  • Home
  • Politics
  • Business
  • Nation
  • Opinion
  • Crime
  • Entertainment
  • Inside Story
  • Sports
  • Tech
  • World
No Result
View All Result
Observers Times
No Result
View All Result
Home Business

Zenith Bank’s profit rises 3% to N117bn in H1’21

admin by admin
August 30, 2021
in Business
0
Zenith Bank’s profit rises 3% to N117bn in H1’21
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

In a clear demonstration of its resilience, Zenith Bank Plc has announced positive growth across key financial metrics in its audited results for the half-year ended 30 June 2021, H1’21, despite a challenging macroeconomic environment.

According to the financial results presented to the Nigerian Exchange (NGX), the Group recorded a growth in profit before tax of 3.0 percent from N114 billion reported in H1’20 to N117 billion in H1’21. The Group’s non-interest income grew 9.0 percent to N127 billion from N116 billion.

RELATED POSTS

UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

Zenith Bank earns N945.5bn profit in 2022

Trending
UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

Retail deposits rose to N1.76 trillion  from N1.72 trillion, while savings balances grew to N1.18 trillion from N1.16 trillion as at December 2020. The drive for increased retail deposits and a low-interest yield environment helped reduce the cost of fund to 1.3percent from 2.2 percent.

The Group improved its Earnings per Share (EPS) which grew 2.0 percent from N3.3 to N3.38 for the half-year ended June 2021.

The Group also increased total customer deposits by 8.0 percent to close the period at N5.77 trillion, demonstrating growth in the market share.

Total assets grew marginally to N8.52 trillion as at 30 June 2021 from N8.48 trillion recorded as at 31 December 2020.

Despite the continued prevalence of the COVID-19 pandemic, there is cautious optimism that the global economy will continue to recover as vaccination programmes are intensified. On the domestic economy, Nigeria’s Gross Domestic Product (GDP) grew by 5.01% in the second quarter of 2021, and the inflation rate, which peaked in March 2021 at 18.17%, is gradually trending down (currently at 17.38% as at July 2021).

In a statement yesterday, the bank said, “The Group is well-positioned to maximise the opportunities that these recovering fundamentals present while leveraging technology to expand its retail footprints to deliver improved returns to all its stakeholders.”

 

Related

SendShareTweetSend
ADVERTISEMENT
admin

admin

Related Posts

UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

UBA Profit Hits N201bn In 2022, Declares 90k Final Dividend

by admin
March 31, 2023
0

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended...

Zenith Bank earns N945.5bn profit in 2022

Zenith Bank earns N945.5bn profit in 2022

by admin
March 29, 2023
0

Zenith Bank Plc has announced its audited results for the year ending Dec. 31, 2022, achieving a growth of 24...

We Are Okay With OPAY: CBN clears air on suspending accounts of OPAY, PALMPAY other fintechs

We Are Okay With OPAY: CBN clears air on suspending accounts of OPAY, PALMPAY other fintechs

by admin
March 25, 2023
0

The Central Bank of Nigeria (CBN) has made clarification on viral reports that it has suspended accounts of some Fintech...

Sterling bank officials arrested over stashed ‘N258 million new notes in vault’, for undisclosed governorship candidate

Sterling bank officials arrested over stashed ‘N258 million new notes in vault’, for undisclosed governorship candidate

by admin
March 14, 2023
0

Operatives of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, have arrested officials of Sterling Bank, a commercial...

FCCPC Among Top 5 Most Business-Efficient Agencies In Nigeria

FCCPC Among Top 5 Most Business-Efficient Agencies In Nigeria

by admin
March 14, 2023
0

  The Standards Organisation of Nigeria (SON) and four other government agencies have been recognised among the top five most...

Next Post
APC is nothing without a sitting president – Buhari aide, Kawu Sumaila,Warns

APC is nothing without a sitting president – Buhari aide, Kawu Sumaila,Warns

Zamfara: Bandits’ activities out of control despite our efforts – Gov. Matawalle cries out says he is helpless.

Zamfara: Bandits’ activities out of control despite our efforts – Gov. Matawalle cries out says he is helpless.

RECOMMENDED

Kogi Guber: Sen Attai Aidoko withdraws from PDP governorship primaries.

Kogi Guber: Sen Attai Aidoko withdraws from PDP governorship primaries.

April 1, 2023
Moment Man Opposing Tinubu Inauguration Was Carried Off Plane For Delaying Flight

Moment Man Opposing Tinubu Inauguration Was Carried Off Plane For Delaying Flight

April 1, 2023

Warning: Trying to access array offset on value of type bool in /home/gvcicpfqvmip/public_html/wp-content/themes/jnews/class/Widget/Normal/Element/SocialCounterWidget.php on line 649
  • 649 Followers

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Observers Times News

We bring you the best reportage that is perfect for credible news in politics, business, sports, entertainment and many more...

CATEGORY

  • Africa
  • Apps
  • Business
  • Coronavirus
  • Crime
  • Documentaries
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Food
  • Gadget
  • Gaming
  • Health
  • Inside Story
  • Jobs
  • Judiciary
  • Latest
  • Life style
  • Lifestyle
  • Local news
  • Mobile
  • Movie
  • Music
  • Nation
  • News
  • Opinion
  • Politics
  • Politics1
  • Research
  • Review
  • Science
  • Sports
  • Startup
  • Stories
  • Tech
  • Travel
  • Uncategorized
  • USA
  • World
August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jul   Sep »
  • Contact
  • Africa
  • Coronavirus
  • Documentaries
  • Local news
  • News

© 2021 Observers Times - (c) 2021 All Rights Reserved.

No Result
View All Result
  • Home
  • Politics
  • Nation
  • Crime
  • Inside Story
  • Opinion
  • Entertainment
  • Sports
  • Contact

© 2021 Observers Times - (c) 2021 All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In