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Zenith Bank Posts Impressive 9-Month Results, EPS Soars 90.6%

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.