Zenith Bank Posts 3Q Earnings, Excites Investors
Zenith Bank posted its 3Q numbers today to the toast of investors. In usual style, Zenith Bank showed why it is a blue-chip company and top-tier bank by reporting a whopping 31.1% increase in Revenue to N 183 Billion up from N 139 Billion over the similar period last year.
On the flip side operating expenses were up this quarter, rising 44% to N 100 Billion from N 69 billion over the same period last year.
Net Profit similarly increased by 38% to N 43 Billion.
The bank also reported a 17.7% growth in lending as total credit extended is now N 839.86 Billion on its balance sheet.
Deposits also grew 17.2% to N 1.5 trillion from N 1.3 trillion over the same period last year.
Reacting positively to the news, the share price was up 3.4% to N 12.20.
One Comment
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Edanasabe
October 25, 2011 at 7:34 pm
i dont regret banking with Zenith