Michael Otu, the Company Secretary of Zenith Bank, said this in the bank’s audited results for the year ended December 31, 2023, sent to the Nigerian Exchange Ltd. (NGX) in Lagos.
This represents an increase of 65.78% when compared to ₦12.286 billion recorded in the same period of 2022. The bank’s Profit Before Tax (PBT) increased by 179.63% in the year ended 2023 to ₦795.962 million, compared to ₦284.65 million recorded in 2022.
Its Profit After Tax (PAT) for the year under review stood at ₦676.909 million against ₦223.911 million posted in the previous year, representing an increase of 202.31%. Also, the bank’s gross earnings, which closed at ₦945.554 million in the 2022 financial year, rose to ₦2.131 billion as of December 31, 2023, indicating an increase of 125.35%.
