BREAKING: Zenith Bank Post N406.8 Billion Pre-Tax Profits In Q2 2024—Zenith Bank reported its 2024 second quarter results showing pre-tax profits topped N406 billion in the second quarter of 2024 as forex related gains boosted bottom line.
The genius Media Nigeria reports that The profits represent a 370% increase year on year when compared to the N86.8 billion reported a year earlier.
Zenith Bank’s profits got a major boost from gains made on its trading books which soared to N871.6 billion for the first 6 months of the year up from N77.9 billion a year earlier.
This helped propel half year pre-tax profits to a whopping N727 billion suggesting Zenith Bank is on track to be the first commercial bank to hit N1 trillion in profits by the end of the year.
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