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Zenith Bank’s Gross Earnings Rise to N166.8bn in Q1
editorApril 30, 2020 5:04 Am
Nume Ekeghe
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with gross earnings rising by six per cent to N166.8 billion, up from the N158.1 billion recorded in March 2019.
This was in spite of a challenging domestic operating macroeconomic environment and global headwinds.
According to the unaudited statement of account presented to the Nigerian Stock Exchange (NSE) yesterday, group’s top-line growth was driven by the 43 per cent expansion in non-interest income from N32.7 billion in the prior period to N46.6 billion in March 2020.
Its non-interest income growth was driven by a 98 per cent surge in trading income from N7.8 billion in March 2019, to N15.5 billion in the quarter under review.
Source:https://www.thisdaylive.com/index.php/2020/04/30/zenith-banks-gross-earnings-rise-to-n166-8bn-in-q1/
