Prime Business Africa
Zenith Bank has reported that its gross earnings increased to N3.37 trillion in the first nine months of 2025, compared to the N2.89 billion recorded in the corresponding period of 2024, indicating a 16.28 percent increase.
The financial institution announced the gross earnings in its consolidated and separate unaudited interim financial statements for the period ended September 30, 2025.
Join our WhatsApp ChannelAccording to the financial report, Zenith Bank also experienced a 40.77 percent year-on-year growth in its interest and similar income, which grew from N1.94 trillion to N2.74 trillion.
Similarly, interest and similar expense increased to N814.22 billion during the period under review, surpassing the N666.43 billion recorded in the previous year, representing an increase of a 22.17 percent growth.
Consequently, Zenith Bank closed the 2025 period with N1.92 trillion net interest income, outperforming the N1.28 trillion posted in 2024 by 50.44 percent.
However, impairment charge gulped N781.52 billion between the first quarter and third quarter period of this year, up by 63.57 percent when compared to the N477.76 billion recorded in 2024.
This left Zenith Bank with a net interest income after impairment charge of N1.14 trillion between January and September 2025, against the N802.90 billion filed in the same period last year.
The lender also reported that net fee and commission income increased by 16.45 percent to N202.94 billion between Q1 and Q3 of this year, above the N174.26 billion recorded in the corresponding period in 2024.
In the financial report, the bank said it earned N917.41 billion profit before tax, which fell below the N1 trillion reached in the period ending September last year, reflecting a decrease of 8.51 percent.
As a result, Zenith Bank’s income tax expense dropped by 12.73 percent year-on-year, from N175.56 billion to N153.20 billion.
Also, profit after tax decreased to N764.20 billion during the review period, failing to surpass the N827.27 billion posted for the period between January and September of 2024, indicating a 7.62 percent drop.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
