Zenith Bank Plc has reported an unprecedented interest income of ₦837.64 billion for the first quarter ended March 31, 2025, marking a 71.46% increase compared to ₦488.7 billion in the same period of 2024. This significant growth underscores the bank’s robust financial performance and strategic positioning in the Nigerian banking sector.
Financial Highlights
Interest Income ₦837.64 billion, up from ₦488.7 billion in Q1 2024.
Pre Tax Profit: ₦350.82 billion, representing a 9.56% year-on-year growth.
Post Tax Profit ₦311.83 billion, a 20.7% increase from the previous year.
Operational Efficiency
Zenith Bank’s commitment to operational efficiency is evident in its cost to income ratio, which improved to 45.3% in Q1 2025 from 50.1% in Q1 2024. This improvement reflects the bank’s ongoing efforts to optimize its operations and enhance profitability.
Asset Quality and Capital Adequacy
The bank maintained a strong asset quality, with a non-performing loan (NPL) ratio of 4.2%, well below the regulatory threshold. Additionally, Zenith Bank’s capital adequacy ratio stood at 22.5%, exceeding the minimum requirement set by the Central Bank of Nigeria.
