Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Zenith Bank posts N103.8 billion half-year PAT September 4, 2020 Zenith Bank
#1
Zenith Bank posts N103.8 billion half-year PAT
September 4, 2020


[/url][Image: Jim-Ovia-750x375.jpg]







Zenith Bank Plc has announced N103.8 billion Profit After Tax (PAT) in its  audited results for the half-year ended June 30, 2020.

The bank has also proposed an interim dividend of 30 kobo per share to be paid to shareholders whose names appear in the register of members as at the close of business on September 16, 2020. This is a clear demonstration of the bank’s resilience given the challenging operating environment occasioned by the novel coronavirus (COVID-19) pandemic.

According to the audited statement of account which was on Thursday presented to the Nigerian Stock Exchange (NSE), September 3, 2020, gross earnings grew by four per cent from N332 billion in 2019 to N346 billion, driven by six per cent growth (YoY) in non-interest income from N110 billion in half-year 2019 to N116 billion in half-year 2020.

The growth in gross income and the decline in interest expenses culminated in a two per cent growth year-on-year of Profit Before Tax which increased to N114 billion in half-year 2020 from N112 billion in half-year 2019. Earnings per share also increased by 17 per cent  to N3.30 in half-year 2020 from N2.83 in half-year 2019.


[Image: start-load?deviceType=mobile]

Earnings per share also increased by 17 per cent to N3.30 in first half 2020 from N2.83 in first half 2019.

The group recorded growth in total deposits by 15 per cent from N4.3 trillion in December 2019 to N4.9 trillion at the close of half-year 2020. This growth in total deposits was driven by a 41 per cent increase in retail deposits from N1.1 trillion to close at N1.6 trillion.



[url=https://thenationonlineng.net/#pinterest]
Reply
{myadvertisements[zone_3]}
#2
Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking.
diy surgical face mask
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  FG Seeks Private Funding To Close $2.5 Billion Electricity Gap Edoman 0 25 10-18-2020, 07:36 AM
Last Post: Edoman
  Shipping industry to expand digital transformation with $38.4 billion investment Edoman 1 371 10-05-2020, 08:53 AM
Last Post: iqbal12
  External reserves hit $35.72bn in September Edoman 0 28 10-05-2020, 08:49 AM
Last Post: Edoman
  FG Puts Nine-Year-Old Presidential Jet On Sale Edoman 0 61 09-24-2020, 11:16 AM
Last Post: Edoman
  FG, States, LGs Share N682.060bn As Allocation For August, 2020 Edoman 0 77 09-23-2020, 02:19 PM
Last Post: Edoman
  CBN sees $29.9b to $34.3b reserves by year-end Edoman 0 61 09-21-2020, 06:30 PM
Last Post: Edoman
  CBN Okays ₦200 Billion Housing Loan For Low Income Earners Edoman 0 111 09-16-2020, 08:58 AM
Last Post: Edoman
  GTB posts N109.7b profit in first half •To pay N8.83b interim dividend September 4, 2 Edoman 1 112 09-14-2020, 12:00 AM
Last Post: Mueeidkhatri



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise