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Global Finance names Bank ABC's ABC Labs as one of the world's best financial innovation labs


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Excitement, Commendations as Zenith Bank Pays N94.2bn Dividend


By Goddy Egene
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31, 2020.
The shareholders commended the board and management of the bank for the improved financial results and dividend payment, which translated to N3.00 per share. An interim dividend of N0.30 was paid last year while a final dividend of N2.70 was recommended and would be paid after the approval by the shareholders.
The shareholders were excited that despite a challenging macroeconomic environment exacerbated by the COVID-19 pandemic, Zenith Bank Plc posted gross earnings of N696.5 billion, which showed an increase of 5 per cent from N662.3 billion reported in the previous year. ....

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Zenith Bank's Profit Before Tax Rises By 5% To N255.9billion


Zenith Bank’s Profit Before Tax Rises By 5% To N255.9billion
The bank noted that the increase was due to a combination of growth in the topline and a significant reduction in interest expense from N148.5 billion in 2019 to N121.1 billion in 2020.
by Saharareporters, New York
Feb 26, 2021
Zenith Bank Plc has announced an impressive result for the year ended December 31, 2020, with profit before tax (PBT) rising by 5% to N255.9 billion from N243.3 billion reported in the previous year.
The bank revealed its PBT which rose in spite of the challenging business environment in the country exacerbated by the COVID-19 pandemic.   ....

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