Zenith Bank Plc has announced its group financial results for the half year ending June, reporting a profit before tax of N625.6 billion.
The bank’s board approved an interim dividend of N1.25 per share, an increase from the N1.00 paid in the first half of 2024.
Gross earnings rose by 20 percent year-on-year from N2.1 trillion in H1 2024 to N2.5 trillion in H1 2025.
Interest income grew by 60 percent, rising from N1.1 trillion to N1.8 trillion, driven by repricing of risk assets and treasury activities.
Profit after tax stood at N532 billion, while earnings per share reached N12.95.
Net interest income rose by 90 percent to N1.4 trillion, compared to N715 billion in the same period of 2024.
Non-interest income contributed N613 billion.
Total assets grew to N31 trillion in June from N30 trillion in December 2024.
Customer deposits increased by seven percent from N22 trillion to N23 trillion.
Loans stood at N10.2 trillion in June compared to N11 trillion in December 2024.
The bank reported return on average equity of 24.8 percent and return on average assets of 3.5 percent.
Cost-to-income ratio stood at 48.2 percent.
Asset quality improved as non-performing loan ratio declined to 3.1 percent in June from 4.7 percent in December 2024.
Capital adequacy ratio was 26 percent, while liquidity ratio stood at 69 percent.
Group managing director/CEO, Adaora Umeoji, said the bank’s performance reflected improvement in asset quality and adequate capital buffers.
She said the bank would continue to focus on growth, innovation and digital transformation.
Zenith Bank was recently recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive in this year Top 1000 World Banks Ranking published by The Banker.
The bank also won “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025.
