Zenith Bank Plc has continued its impressive financial performance, reporting a profit before tax (PBT) of N1.3 trillion for the 2024 financial year. The bank also proposed a final dividend of N4.00 per share to its shareholders, reaffirming its position as one of Nigeria’s leading financial institutions.
The bank disclosed these figures in its audited financial statements released on Wednesday, March 27, 2025. The results show strong growth in revenue, profit, and shareholder returns despite the challenging economic environment.
According to the report, Zenith Bank’s gross earnings grew significantly, driven by increased interest income and strong non-interest revenue streams. The bank attributed its success to strategic investments, digital transformation, and prudent risk management practices.
Group Managing Director and Chief Executive Officer, Dr. Ebenezer Onyeagwu, expressed satisfaction with the bank’s performance, stating that the result reflects Zenith Bank’s resilience, innovation, and commitment to delivering value to its stakeholders. He emphasized that the bank will continue to invest in technology and customer service to sustain its growth.
In 2023, Zenith Bank recorded a profit before tax of N756.3 billion, meaning the 2024 figure represents a remarkable increase of over 70%. The bank’s total assets also expanded, further strengthening its financial position in Nigeria’s banking sector.
Following the announcement, the bank’s board of directors proposed a final dividend of N4.00 per share, bringing the total dividend payout for the year to N6.50 per share. This move aims to reward shareholders for their confidence in the institution.
Financial analysts have praised Zenith Bank’s consistent performance, highlighting its ability to navigate economic challenges while maintaining profitability. Market experts believe that the bank’s growth strategy, digital banking initiatives, and expansion into new business segments have played a significant role in its success.
Zenith Bank remains one of Nigeria’s most capitalized financial institutions, with a strong presence across Africa and international markets. The bank has continued to lead in areas such as digital banking, corporate lending, and financial technology innovation.
The strong financial results and dividend declaration have generated positive reactions among investors, with expectations that the bank’s stock will see increased demand in the coming weeks.
As Nigeria’s economy faces inflation and currency fluctuations, the banking sector plays a crucial role in stabilizing financial markets. Zenith Bank’s performance highlights the resilience of Nigeria’s financial institutions in overcoming economic headwinds.
