Zenith Bank's Foreign Units Profit Surges to N331.7bn

Zenith Bank Plc announced that its foreign subsidiaries achieved a profit before tax of N331.7 billion for the year 2025, representing a 26.3% increase compared to N179 billion in 2024. This growth underscores the bank's strategic focus on its offshore business, with foreign units contributing 27.8% to the group's total deposits, up from 24.2% the previous year.

The bank's foreign operations, which include units in Ghana, the United Kingdom, Sierra Leone, and Gambia, saw customer deposits rise by 27.5% year-on-year, reaching N6.7 trillion in 2025. Zenith Bank UK led with N3.6 trillion in deposits, indicating strong market penetration.

Gross earnings from foreign operations rose by 55.4% to N793.3 billion in 2025, contributing 18.9% to the group's total earnings. The African subsidiaries outside Nigeria generated N544.1 billion, with Zenith Bank Ghana delivering the largest share.

The profit after tax for these subsidiaries surged by 426.7% to N149.3 billion, accounting for 14.4% of the total group profit.