Amid Declining Rates, Zenith Bank Enhances Recovery Mechanism to Post N638 Billion Profit in H1 2026
Zenith Bank has announced a profit before tax of N637.6 billion ($479 million) for the half year ended June 30, 2026, a growth of just 1.9% over the N625.6 billion recorded in the same period in 2025.
Despite the growth of loan book by 25.5% from N9.60 trillion as at the end of June 2025 to N12.04 trillion in the same period in 2026, interest income declined by 8.9% from N1.83 trillion to N1.68 trillion signalling falling rates across major financial instruments.
The effect of the falling rate was however vitiated by enhanced recovery efforts which showed in impairment charge on financial instruments declining by over 81.5% from N762.1 billion in 2025 to N141.1 billion in 2026
Total Assets grew by about 4% from N31.5 trillion at the end of December 2025 to N32.6 trillion while Shareholders Funds declined slightly by less than 1% from N4.92 trillion to N4.8 trillion.
Zenith Bank declared N1.50 Interim Dividend for the period as a against the N1.25 in 2025, a growth of 25%.
No of shareholders increased by 11% (100,000 investors) within the one-year period, indicating increasing penetration among retail shareholders even though unit issued remained the same at 41 billion units.
