Zenith Bank's Subsidiaries Earn N9.11 Billion in H1 2026

In the first half of 2026, Zenith Bank Plc's non-banking subsidiaries, Zenith Pensions Custodian Limited and Zenith Nominees Limited, reported a combined profit before tax of N9.11 billion, which is 60.85% of their full-year 2025 earnings. The subsidiaries generated a combined operating income of N13.76 billion and had total assets of N47.84 billion as of June 30, 2026.

Zenith Pensions Custodian was the primary contributor, with pension assets under custody increasing by 12.7% to N11.94 trillion. Zenith Nominees Limited recorded a profit before tax of N762 million.

Additionally, Zenith Bank's acquisition of Paramount Bank Kenya Limited on May 11, 2026, expanded its non-banking operations into East Africa, adding two entities focused on insurance distribution and financial advisory services. At the group level, Zenith Bank's consolidated profit before tax rose by 2% to N637.60 billion in H1 2026, attributed to improved net interest margins and reduced funding costs.