Zenith Bank, GTCO Earn N283 Billion in Digital Fees

Zenith Bank PLC and Guaranty Trust Holding Company PLC recorded a combined income of N283.7 billion from account maintenance and digital banking fees for the fiscal year ending December 31, 2025. This figure, as per their financial audit statements, highlights the banks' efforts to monetize digital channels amid rising transaction volumes driven by mobile banking, USSD services, card payments, and online transfers.

The shift in customer behavior towards digital banking has made fee-based income critical, particularly as account maintenance charges primarily apply to current accounts. The banks earned N129.87 billion from account maintenance and N153.85 billion from e-business transactions, indicating that digital banking has evolved into a major revenue driver.

The management emphasized the importance of sustaining asset quality and maintaining a strong capital buffer to support long-term growth, despite the challenges posed by regulatory changes and macroeconomic pressures. The impressive financial results led to the declaration of dividends for shareholders, reinforcing the banks' dominance in Nigeria's banking sector.