Zenith Bank Reports N637.6 Billion Profit, Increases Dividend

Zenith Bank Plc announced its audited results for the half-year ended June 30, 2026, revealing a pre-tax profit of N637.6 billion, a 1.91% increase from N625.6 billion in the same period in 2025. The growth in profit was attributed to stronger margins, a leaner funding cost base, and improved asset quality.

The bank proposed an interim dividend of N1.50 per share, a 20% increase from N1.25 per share in H1 2025, scheduled for electronic payment on October 30, 2026, to shareholders registered by October 23, 2026. Key performance drivers included improved net interest margins, lower funding costs, and a significant reduction in impairment charges, which fell by 81% year-on-year to N141.1 billion.

The gross loans increased by 14% to N12.57 trillion, and the non-performing loan ratio improved to 3.78%. Zenith Bank maintained a capital adequacy ratio of 25.1% and a liquidity ratio of 60.5%, both exceeding regulatory requirements.