Zenith Bank's H1 2026 Pre-Tax Profit Increases to N637.6B

Zenith Bank Plc announced a profit before tax of N637.6 billion for the half-year ended June 30, 2026, marking a 1.9% increase from N625.6 billion in the same period of 2025. This growth was attributed to a significant drop in impairment charges, which counterbalanced a shift from foreign exchange trading gains to losses.

However, the bank's profit after tax decreased by 19.1% to N430.8 billion due to a higher tax bill. The standalone pre-tax profit for the second quarter was reported at N276.68 billion, reflecting a 23.34% decline from N360.92 billion in the preceding quarter but a slight increase of 0.68% from N274.81 billion in Q2 2025.

The Board of Zenith Bank proposed an interim dividend of N1.50 per share, an increase from N1.25 the previous year. Zenith Bank's shares closed at N134.70, down 1.32%, as the broader banking index faced pressure.