reports
- ARM Research
ZENITHBANK H1:2025 Earnings Note | Profit Dips Amid Soaring Impairment...
Zenith Bank reported a 7.9% YoY drop in Profit After Tax (PAT) to NGN532.18bn, weighed by an 83.2% surge in impairment charges to NGN760.81bn following the CBN’s mandate on forbearance exposures. Gross earnings rose 19.96% YoY to NGN2.52trn, supported by a strong 60.01% YoY growth in interest income to NGN1.84trn, largely from Treasury bills, placements, and customer loans. This drove Net Interest Income up 89.45% YoY to NGN1.35trn. However, Non-Interest Income declined 28.41% YoY to NGN681.51b...
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