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Monday, March 1, 2021

Zenith Bank Reports 22.5% rise in Profits, Declares N3 Dividend

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Zenith Bank of Nigeria Plc has reported a 22.5 percent increase in after-tax profits as net income rose to N230.56 billion in the Full Year 2020 period.

The tier one Nigeria lender also declared a final dividend of N2.70 bringing total dividend for the year to N3 per share.

Subject to appropriate withholding tax and approval, the dividends will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 8th day of March, 2021.

A rise in interest income to N420.8 billion and trading gains of N121.6 billion were responsible for the profit growth, despite an increase in operating expenses and personnel expenses.

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