reports
Zenith Bank Plc FY 2021- Lower Funding Cost and Non-interest Revenue t...
Lower Funding Cost and Non-interest Revenue to the Rescue Zenith Bank released the audited Full-year results for 2021, revealing a respective 9.9% and 9.6% increase in Gross earnings and Profit Before Tax (PBT). Major drivers for earnings growth include marginal uptick in interest income (+1.6%), lower funding cost (-11.8%) and higher non-interest revenue (+22.6%). PBT at ₦280.4bn fell shy of our estimates by 0.8% due to the rise in loan loss provisions and OPEX both of which exceeded our pro...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.