Nigerian bank Zenith Bank crossed the 200 billion naira ($542 million) mark with an after-tax profit of 208.8 billion naira ($566 million), compared to 193 billion naira ($523 million). ) in 2018, an increase of 8%.

According to the audited financial results for the 2019 financial year, Zenith Bank reported gross profit growth of 5% to 662.3 billion naira ($1.795 billion), from 630.3 billion naira ($1.709 billion). billion) the previous year, thanks to the 29% increase in non-interest income, which increased from 179.9 billion naira (487 million dollars) in 2018 to 231.1 billion naira ( $626 million) in 2019.

Pre-tax profit reached 243 billion naira ($643 million), up 5% from the 232 billion naira ($629 million) achieved previously. The cost-to-revenue ratio fell from 49.3% to 48.8%.

The bank also paid shareholders N2.50k per share as a dividend, having paid N30k per share in financial year 2019, for a total of N2.80k per share as of December 31, 2019.