N946bn

Zenith Bank has released its annual report for the 2022 financial year with all key income streams recording reasonable increase and revenue closing in on the N1 trillion mark. The lender’s audited annual report however indicate  that the net profit of Nigeria’s biggest bank by market value failed to keep pace with that of revenue as record inflation levels in the country pushed costs steeply up. Similarly, gross earnings for the year jumped by roughly one fourth to N945.6 billion. Interest and similar income…

Zenith Bank posted a weaker bottom line for 2022 even though all key income streams recorded reasonable increase and revenue closed in on the N1 trillion mark, the lender’s audited annual report showed on Wednesday. The rate at which the net profit of Nigeria’s biggest bank by market value failed to keep pace with that of revenue as record inflation levels in the country pushed costs steeply, up. Similarly, gross earnings for the year jumped by roughly one fourth to N945.6 billion. Interest and similar income…