- Gross Earnings Growth: Zenith Bank’s gross earnings increased by 22% to N950 billion in Q1 2025, driven by a 72% rise in interest and similar income.
- Profitability: The bank recorded a 10% year-on-year increase in profit before tax (PBT) to N351 billion and a 21% rise in profit after tax (PAT) to N312 billion.
- Improved Efficiency: The cost of funds declined to 3.9% in Q1 2025, while the cost of risk dropped to 1.8%, reflecting the bank’s proactive deposit mix optimization and improved asset quality.
- Growth in Loans and Deposits: Gross loans grew by 1% to N11.08 trillion, while customer deposits increased by 3% to N22.68 trillion, and total assets rose by 8% to N32.42 trillion.
Zenith Bank’s strong performance in Q1 2025 was driven by its ability to capitalize on the high-interest rate environment, resulting in a significant increase in interest income. The bank’s focus on cost efficiency, delivering superior customer experience, and digital adoption has positioned it well for future growth.
The decline in cost of funds and cost of risk reflects the bank’s efforts to optimize its deposit mix and improve asset quality. The growth in loans and deposits, as well as the increase in total assets, demonstrates the bank’s strong financial position and its ability to pursue expansion plans and create shareholder value.
