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Zenith Bank Posts 3Q Earnings, Excites Investors

By on October 18, 2011

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

  1. Edanasabe

    October 25, 2011 at 7:34 pm

    i dont regret banking with Zenith