Zenith Bank : Q1 2024 Financial Statement - Summary
May 16, 2024 at 09:09 am EDT
Share
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH, 2024
Mar-24
Mar-23
Current Period
Prior period
N'000'000
N'000'000
Gross Earnings
780,617
269,994
Interest Income
488,546
191,632
Interest Expense
(182,096)
(70,843)
Net Interest Income
306,450
120,789
Investment and Other Operating Income
271,567
72,752
Operating Expenses
(201,851)
(99,206)
Loan Loss Expenses
(55,972)
(7,730)
Profit/Loss Before Tax
320,194
86,605
Taxation
(61,853)
(20,593)
Profit/Loss After Tax
258,341
66,012
Other Comprehensive Income/(loss)
265,805
(3,395)
Total Comprehensive Income
524,146
62,617
Profit/Loss After Tax Attr. To Noncontrolling Int
217
66
Profit/Loss After Tax Owners of the Company
258,124
65,946
Total Comp. Inc.Attr. to Non-Controlling Interest
1092
36
Attributable to Owners of the Company
523,054
62,581
Basic Earnings per Share (kobo)
822
210
Fully Diluted Earnings per Share (Kobo)
822
210
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
Mar-24
Dec-23
Current year
Prior year
Assets
N'000'000
N'000'000
Cash and Balances with Central Banks
4,197,351
4,253,374
Treasury Bills
2,036,648
2,736,273
Assets pledged as collateral
733,868
308,638
Due from Other banks
1,915,354
1,834,314
Derivative Assets
934,663
534,739
Loans and Advances
8,650,493
6,556,470
Investment Securities
4,777,313
3,290,895
Investment in Associates
-
-
Deferred Tax Assets
37,325
36,226
Other Assets
642,230
474,976
Property and Equipment
298,267
295,532
Intangible Assets
57,265
47,018
24,280,777
20,368,455
Liabilities
Customers' Deposits
16,784,228
15,167,740
Derivative Liabilites
95,533
70,486
Current Income Tax Payable
83,501
33,877
Deferred Income Tax Liabilities
64,257
59,310
Other Liabilities
1,875,157
1,039,712
On-lending Facilities
260,711
263,065
Borrowings
2,269,865
1,410,885
Debt Securities issued
-
-
21,433,252
18,045,075
Net Assets
2,847,525
2,323,380
Non Controlling Interest
2,720
1,628
Attributable to Owners of the Company
2,844,805
2,321,752
Attachments
Original Link
Original Document
Permalink
Disclaimer
Zenith Bank plc published this content on
16 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 May 2024 13:07:47 UTC.
Zenith Bank Plc is one of the largest Nigerian banks. The group's activity is organized around 3 areas:
- retail bank and corporate bank;
- investment, financing, and market bank;
- life insurance.
At the end of 2020, the group has NGN 5,339.9 billion in current deposits and NGN 2,779 billion in current loans.
Products and services are marketed through a network of 436 branches located in Nigeria.
Income (including intragroup) breaks down geographically as follows: Nigeria (86.1%), Africa (10.6%) and Europe (3.3%).
ZENITH BANK PLC 
