Nigeria: Zenith Bank’s half-year profit rises to N117bn

Zenith Bank Plc has reported profit before tax of N117.06bn for the first half of 2021, rising by 2.67 per cent year on year.

According to its audited interim report for the six months ended June 2021, the bank’s net interest income increased by 1.61 per cent to N159.94bn in H1 2021 from N157.41bn in the same period of last year.

Zenith saw its earnings per share rise to N3.38 from N3.30 in the corresponding period of 2020.

The bank’s gross earnings, however, dropped to N345.56bn in H1 2021 from NN346.09bn in the same period the previous year.

“An interim dividend of 30 kobo for every share of N50k subject to appropriate withholding tax will be paid to shareholders whose names appear in the register of members as at the close of business on the 10th  day of September, 2021,” the bank’s Company Secretary, Michael Otu, said in a statement.