Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022.
Profit after tax also grew by 10%, from N53.06 billion to N58.19 billion over the same period. Interest income grew by 25%, from N101.12 billion in Q1 2021 to N126.38 billion in Q1 2022, while non-interest income grew by 12%, from N51.20 billion to N57.23 billion.
Loans and advances also grew by 6%, from N3.5 trillion in December 2021 to N3.7 trillion in March 2022, boosting the Group’s interest income and displaying the Group’s appetite for high-yielding risk assets creation. This development also helped to boost the net interest margin , as it improved from 6.0% in March 2021 to 7.3% in the current period, while the capital adequacy ratio improved slightly from 21.1% to 22.1%.
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ZenithBank What direct messages, answer us here, let see how sincere you people are. Unreasonable deductions
ZenithBank Because they are stilling our money from unnecessary charges
_Justpray_122 Kindly send us a Direct Message to enable us assist.
ZenithBank Why una no go grow ... Wey my debited fund since over 2 months now ? Una no gree refund am ....
ZenithBank Growth with dubious charges and deductions.