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Zenith Bank Reports Strong Q1 2026 Earnings Growth

Zenith Bank Plc announced its unaudited results for the first quarter ending March 31, 2026, showcasing a resilient performance despite challenging operational conditions and tighter monetary policies. The bank recorded a 6% growth in gross earnings, increasing from ₦950 billion in Q1 2025 to ₦1.01 trillion in Q1 2026.

Profit before tax rose significantly to ₦361 billion, underscoring the bank's ability to deliver consistent value in a complex economic landscape. Zenith Bank's strong fundamentals were further highlighted by improvements in key efficiency and risk metrics, including a reduction in the cost of funds and a strengthened asset quality with a declining non-performing loan ratio.

The bank's total assets climbed to ₦32.01 trillion, with customer deposits rising to ₦24.47 trillion, indicating sustained customer confidence and market trust. Zenith Bank maintained a strong capital and liquidity position above regulatory requirements, positioning itself to navigate future market dynamics and seize emerging opportunities.

Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.

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