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Zenith Bank financial performance and expansion

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-10-11 08:06 UTC → 2026-10-21 08:47 UTC · added removed

Zenith Bank Plc reported a 1.9% 1.91% increase in pre-tax profit for the first half of 2026, reaching N637.6 billion. This growth was attributed to a significant reduction in impairment charges, although a N92.2 billion trading loss lower funding costs, and higher stronger fee income. However, profit after tax declined to N430.76 billion from N532.18 billion in the first half of 2025, largely because tax expenses more than doubled under the Nigerian Tax Act 2025 framework led to a decline in profit after tax. framework. Following these financial results, the bank proposed a 20% increase in its interim dividend, raising it to N1.50 per share from N1.25 in 2025. The bank also highlighted the performance of its non-banking subsidiaries subsidiaries, Zenith Pensions Custodian Limited and its expansion Zenith Nominees Limited, which contributed a combined pre-tax profit of N9.11 billion. Zenith Pensions Custodian was the primary driver, managing pension assets under custody totaling N11.94 trillion. The group further expanded into East Africa through the acquisition of Paramount Bank Kenya Limited in May 2026. Alongside its financial activities, In recent market activity, Zenith Bank led the Nigerian Exchange (NGX) in transaction value with a turnover of N2.59 billion, representing approximately 10% of the total N25.88 billion traded across the equities market during that session. Additionally, the bank launched continues its innovation efforts through Zecathon 6.0, an innovation programme with a N190 million prize pool targeting startups, developers, African startups and students across Africa to address challenges developers in sectors such as artificial intelligence, healthcare, and cybersecurity.

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  1. 2026-10-21 08:47 UTC Zenith Bank financial performance and expansion
  2. 2026-10-11 08:06 UTC Zenith Bank financial performance and expansion

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