Zenith Bank Plc has released its unaudited 9-month results for 2024, reporting a remarkable 90.6% year-on-year growth in earnings per share (EPS) to NGN26.34.
The bank’s interest income surged 190.2% year-on-year to NGN1.95 trillion, driven by elevated interest rates.
Net interest income (ex-LLE) grew 291.2% year-on-year to NGN802.91 billion.
Non-interest income rose 41.0% year-on-year to NGN856.01 billion.
Operating income increased 104.2% year-on-year to NGN1.66 trillion.
Profit before tax expanded 98.6% year-on-year to NGN1.00 trillion.
Profit after tax grew 90.5% year-on-year to NGN827.28 billion.
Analysts expect Zenith Bank to close 2024 positively.