JUST IN: Zenith Bank Reports 113% Growth In Pre-Tax Profit In Q3 2023—-The Largest financial service provider in Nigeria and Anglophone West Africa, Zenith Bank reported its 2023 third-quarter results showing pre-tax profits grew by 113.20% year on year, reaching N154.675 billion.
This took nine-month pre-tax profit to N505.036 billion versus N202.549 billion in the same period last year.
Key highlights Q3 2023 vs. Q3 2022:
Insights: The substantial growth in pre-tax profit can be attributed to the significant growth in gross earnings, driven by growth in interest income.
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