Zenith Bank PLC has revealed a post-tax profit of N1 trillion for 2024, a 52.6% increase from the N676.9 billion reported in 2023.
This was disclosed in the group’s 2024 financial statement, where it reported significant improvement across key success indicators, with gross earnings surging as high as N3.9 trillion, an 86% jump from N2.1 trillion announced in 2023.
Profit-before-tax rose by 67% to N1.3 trillion from N795.9 billion, and Earnings per share increased to N32.87 from N21.55.
In terms of balance sheet strength, Zenith Bank’s total assets grew by 47.1%, hitting N29.9 trillion—up from N20.3 trillion—while total liabilities increased to N25.9 trillion, a 43.7% rise from N18 trillion. Retained earnings also rose significantly by 70.9% to N2 trillion, up from N1.1 trillion.
Following the notable performance improvements, the group has declared a final dividend of N4.00 per every share of 50 kobo, subject to appropriate withholding tax and approval.
This will be paid to shareholders whose names appear in the Register of Members as of the close of business on April 15, 2025.
Zenith Bank Plc recorded significant improvement across major performance metrics compared to the previous year, including a healthy Capital Adequacy Ratio (CAR), notable growth in profitability, and increased earnings.
The group emphasized its commitment to delivering sustainable growth, providing value to stakeholders, and also accelerating financial inclusion through innovative solutions.
