Zenith Bank : Q1 2023 Financial Statement - Summary
April 27, 2023
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH, 2023
Mar-23
Mar-22
Current Period
Prior period
N'000'000
N'000'000
Gross Earnings
269,994
191,523
Interest Income
191,632
126,384
Interest Expense
(70,843)
(25,845)
Net Interest Income
120,789
100,539
Investment and Other Operating Income
72,752
57,230
Operating Expenses
(99,206)
(83,019)
Loan Loss Expenses
(7,730)
(6,759)
Profit/Loss Before Tax
86,605
67,991
Taxation
(20,593)
(9,793)
Profit/Loss After Tax
66,012
58,198
Other Comprehensive Income/(loss)
(3,395)
(7,463)
Total Comprehensive Income
62,617
50,735
Profit/Loss After Tax Attr. To Noncontrolling Int
66
74
Profit/Loss After Tax Owners of the Company
65,946
58,124
Total Comp. Inc.Attr. to Non-Controlling Interest
36
33
Attributable to Owners of the Company
62,581
50,702
Basic Earnings per Share (kobo)
210
185
Fully Diluted Earnings per Share (Kobo)
210
185
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023
Mar-23
Dec-22
Current year
Prior year
Assets
N'000'000
N'000'000
Cash and Balances with Central Banks
2,520,926
2,201,744
Treasury Bills
2,355,775
2,246,538
Assets pledged as collateral
203,673
254,663
Due from Other banks
1,398,193
1,302,811
Derivative Assets
58,985
49,874
Loans and Advances
4,029,850
4,013,705
Investment Securities
1,651,484
1,728,334
Investment in Associates
-
-
Deferred Tax Assets
16,652
18,343
Other Assets
870,102
213,523
Property and Equipment
229,019
230,843
Intangible Assets
24,557
25,251
13,359,216
12,285,629
Liabilities
Customers' Deposits
9,136,259
8,975,653
Derivative Liabilites
12,949
6,325
Current Income Tax Payable
80,680
64,856
Deferred Income Tax Liabilities
19,799
16,654
Other Liabilities
1,283,889
568,559
On-lending Facilities
301,304
311,192
Borrowings
1,082,779
963,450
Debt Securities issued
-
-
11,917,659
10,906,689
Net Assets
1,441,557
1,378,940
Non Controlling Interest
849
813
Attributable to Owners of the Company
1,440,708
1,378,127
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Disclaimer
Zenith Bank plc published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 09:55:09 UTC.
Zenith Bank Plc is one of the largest Nigerian banks. The group's activity is organized around 3 areas:
- retail bank and corporate bank;
- investment, financing, and market bank;
- life insurance.
At the end of 2020, the group has NGN 5,339.9 billion in current deposits and NGN 2,779 billion in current loans.
Products and services are marketed through a network of 436 branches located in Nigeria.
Income (including intragroup) breaks down geographically as follows: Nigeria (86.1%), Africa (10.6%) and Europe (3.3%).