Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, recording significant growth across key performance indicators.
The bank’s gross earnings rose by 86% year-on-year (YoY) to N3.97 trillion, driven by a 138% increase in interest income.
The bank’s profit before tax (PBT) surged by 67% to N1.3 trillion, while net interest income increased by 135% to N1.7 trillion. Non-interest income also grew by 20% to N1.1 trillion.
Total assets rose by 47% to N30 trillion, underpinned by a strong liquidity position and effective balance sheet management. Customer deposits surged by 45% to N22 trillion, reflecting a strong corporate deposits portfolio and a sustained increase in retail deposits.
The bank has proposed a final dividend of N4.00 per share, bringing the total dividend for the year to N5.00 per ordinary share.
This move demonstrates the bank’s commitment to delivering sustainable growth and enhancing shareholder value.
Zenith Bank’s impressive performance has earned it numerous awards, including being recognized as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year.
The bank has also been named Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022, and 2024.
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