ZENITHBANK Says Q1 2019 Profit Grew 6.7% to N50.23 Billion

Ebenezer Onyeagwu as Group Managing Director/Chief Executive of Zenith Bank Plc

April 17, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Wednesday said its post-tax profit for the first quarter period ended March 31, 2019 climbed up 6.7 percent to N50.23 billion from N47.07 billion recorded a year earlier.

Pretax profit for the review period also appreciated 6.1 percent to N57.29 billion from N54.00 billion  declared the same period of last year.

Gross earnings of the tier one lender declined -6.5 percent to N158.11 billion in the first quarter of 2019 from N169.19 billion in the corresponding period of 2018, ZENITHBANK said in a filing with the Nigerian Stock Exchange (NSE).

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