201 new COVID-19 cases recorded in 12 states, FCT

Zenith Bank Plc has posted a solid first half for 2021. This it did with its profit before tax (PAT) increasing by N3 billion. In other words, Zenith Bank Group recorded a growth in profit before tax of 3%, rising to NGN117 billion from NGN114 billion reported in the previous year. The Group also recorded a 9% growth in non-interest income from NGN116 billion in June 2020 to NGN127 billion in 2021, while interest income dropped by 6% from NGN217 billion to NGN204 billion as yields from some interest-bearing assets declined. This was mitigated by a 26% decrease in interest expense from NGN60 billion in June 2020 to NGN44 billion in June 2021 resulting in an increase in net interest income from NGN157 billion to NGN160 billion in June 2021.