Zenith Bank earns N945.5bn profit in 2022
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Zenith Bank Plc has announced its audited results for the year ending Dec. 31, 2022, achieving a growth of 24 per cent in gross earnings from N765.6 billion reported in 2021 to N945.5 billion in 2022.
This is despite the persistent challenging macroeconomic environment and headwinds.
According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange Ltd., NGX, the double-digit growth in gross earnings was driven by a 26 per cent year-on-year, YoY, growth in interest and non-interest income.
The interest income grew from N427.6 billion to N540.2 billion and a 23 per cent year-on-year, YoY, growth in non-interest income from N309 billion to N381 billion.
Profit before tax also grew by two per cent from N280.4 billion to N284.7 billion in the current year.
