Zenith Bank lists 9.67bn shares as equity market gains N477bn

Zenith Bank has demonstrated remarkable financial performance in recent periods. In the third quarter of 2024, the bank's profit before tax nearly doubled, reaching N1 trillion, up from N505 billion in the same period the previous year. This impressive growth was driven by a 190% increase in interest income, totaling N1.95 trillion, and a 41% rise in non-interest income, amounting to N856 billion. �cite�turn0search0�

The bank's balance sheet also saw significant expansion, with total assets growing by 49% to N30.4 trillion, supported by a 42% increase in customer deposits, which reached N21.6 trillion. Gross loans increased by 46% to N10.3 trillion, underscoring the bank's commitment to supporting strategic sectors in the economy. �cite�turn0search3�

In the broader equity market, tier-one banks like Zenith Bank have played a pivotal role in driving market gains. For instance, on November 26, 2024, the Nigerian Exchange Ltd. (NGX) market capitalization rose by N9 billion, driven by renewed investor interest in leading banking stocks, including Zenith Bank. �cite�turn0search1�

These developments highlight Zenith Bank's strong financial position and its significant influence on the Nigerian equity market.

[attachment deleted by admin]