Zenith Bank Plc has declared N8.4 trillion assets base in its 2020 financial year to become the biggest bank among the Nigerian commercial banks in terms of assets.
The asset grew by 34 per cent from N6.347tr declared in the 2019 financial year to N8.481tr declared for the year ended December 31, 2020, its audited financial statements showed on Tuesday.
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The bank also posted a Profit After Tax of N230.5 billion rising from N208.8bn in 2019, resulting in 10.4 per cent growth.
According to the bank’ in a financial statement filing with the Nigerian Stock Exchange (NSE), the pre-tax profit of the lender also increased 5.2% to N255.8bn from N243.3bn declared in 2019. Its gross earnings also increased by 5% to N696bn from N662bn in 2019.
Zenith in its corporate action to the NSE, proposed a dividend final dividend of N2.70 kobo per share including the earlier paid 0.30 kobo per share interim dividend during the half year (H1) period all culminating to N3.00 per share which amounts to 7.14% increase in the review period compared to N2.80 dividend doled out in the 2019 financial year end.
The top tier lender says qualification and closure payment dates are March 8 and March 9, 2021 respectively while annual general meeting (AGM) and payment dates have been scheduled for March 16, 2021.
Shares of ZENITH BANK at the close of trading on the floor of the domestic bourse grew 4.84% to N26.00 from N24.80 recorded the previous session; indicating a gain of N1.20 kobo per share.
