Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2021, with Profit Before Tax (PBT) rising by 4% to N61.0 billion, from N58.8 billion recorded in March 2020. According to the unaudited statement of account presented to the Nigerian Stock Exchange (NSE)on Friday, 30th April 2021, Profit After Tax (PAT) also grew by 5% from N50.5 billion in Q1 2020 toN53.1 billion in Q1 2021. This was also reflected in interest expense which dropped by 45% from N32.8 billion toN18.0 billion over the same period. Non-interest income increased by 10% from N46.6 billion toN51.2 billion, driven by growth in credit-related fees and fees on electronic products. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report…Zenith bank displays resilience Zenith bank displays resilience

Source: Nigerian Tribune April 30, 2021 19:07 UTC