Zenith Bank Plc has announced its audited financial results for the year ended 31 December 2024, reporting a profit before tax (PBT) of N1.3 trillion, an increase of 67% from N796 billion in 2023. The bank has also proposed a final dividend of N4.00 per share, bringing the total dividend payout for the year to N5.00 per share.

The bank’s gross earnings grew by 86% year-on-year, reaching N3.97 trillion in 2024, driven by a 138% increase in interest income. Net interest income rose by 135% to N1.7 trillion, while non-interest income grew by 20% to N1.1 trillion.

Zenith Bank’s total assets surged by 47% to N30 trillion, with customer deposits rising by 45% to N22 trillion. The bank successfully raised N350 billion in capital through a rights issue and public offer, with a 160% subscription rate, underscoring investor confidence in its growth strategy.

The bank also maintained a Non-Performing Loan (NPL) ratio of 4.7%, with a coverage ratio of 223%, reflecting its strong risk management framework.

Zenith Bank continues to receive multiple industry recognitions, including being named Nigeria’s Number One Bank by Tier-1 Capital for the 15th consecutive year by The Banker Magazine.