Zenith Bank Posts 58 Per Cent Rise In Gross Earnings
 11th OCT 2006

Zenith Bank’s gross earnings topped N19.6 billion in the first quarter of 2006/2007, an increase of 58 per cent over N12.4 billion it posted in the corresponding period of the last financial year. Profit before tax (pbt) rose by 73 per cent from N3.0 billion to N5.2 billion while the bank's net profit margin improved from 24 kobo per 100 last year to 27 kobo per 100 kobo in the quarter under review. Agusto and Co., Nigeria's foremost rating agency, has for the sixth consecutive year rated Zenith Bank Triple A saying " the bank is a financial institution of impeccable financial condition and overwhelming capacity to meet obligations as and when they fall due".

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