ZENITH Bank has announced an impressive result for the year ended December 31, 2018, with profit before tax (PBT) rising to N232 billion for the 12 months ended December 31, 2018. Also, in demonstration of its commitment to its shareholders, the bank has announced a proposed final dividend pay-out of N2.50 per share, bringing the total dividend to N2.80 per share, representing a yield of 11.2 per cent. It is the highest so far published by any bank in the Nigerian Banking Industry in the current reporting period. Also, the results showed that profit after tax (PAT) witnessed an impressive growth of 11 per cent year-on-year to N193 billion from N174 billion. This was reflected through the drop-off in impairment charges by 81 per cent (₦80 billion) compared to 2017, re-affirming the Group’s enhanced asset quality.

Source: Nigerian Tribune February 19, 2019 18:45 UTC