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Zenith Bank Reports Strong Q1 2026 Earnings Growth

News Online Nigeria·

Zenith Bank Plc (NGX: ZENITHBANK) 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.

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