Business Hilights
Tracking Nigeria's Headline Business News Online

Zenith Bank sustains lead, records N380b gross earnings in Q3

More indications have emerged showing that current hard times facing every institution in the country may have been contained by leading banking institution, the Zenith Bank Plc considering its latest results showing a posted N380 Billion gross earnings for Third Quarter ended September 30, 2016. The results show a 13 per cent rise when compared to same period in 2015.

Besides, bank’s Profit After Tax (PAT) increased by 20 per cent from N83.1 billion in September 2015 to N100.07 billion in 2016.

 The results released on the floor of Nigerian Stock Exchange (NSE) yesterday revealed that Customers’ deposits rose by 5.2 per cent from N2.56 trillion in December 2015 to N2.69 trillion as at September 2016, just as total assets stood at N4.65 trillion as against N3.8trillion in 2015.