H1: Zenith Bank declares N346bn gross earnings

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By Chinyere Joel-Nwokeoma

– Zenith Plc Thursday declared gross earnings N346 for half year ended June 30, 2020.

This is contained in ’s audited presented Stock .

The gross earnings represent an increase four per cent when compared N332 posted in the comparative period 2019.

The also proposed an interim dividend of 30k per share for the period under review.

The group’s deposits grew by 15 per cent N4.9 trillion, from N4.3 trillion in December 2019.

This, the bank said, driven by a 41 per cent increase in retail deposits from N1.1 trillion, close at N1.6 trillion.

The result showed non-interest income rose to N116 from N110 achieved in the corresponding period of 2019.

Its earnings per share also increased by 17 per cent to N3.30 in H1 2020, from N2.83 in H1 2019.