Earnings Report /
Nigeria

Zenith Bank: Q3 earnings decline on large impairment charges

  • Zenith Bank recorded a 2% drop in its Q3 EPS; profitability ratios also dropped, with Q3 ROE at 18.7%

  • Similar to GTCO, loan growth was more robust in Q3 21 than in the two previous quarters

  • The group still has positive attributes; high dividend yield, good capital position and cost efficiency. Reiterate Buy

Busola Jeje
Busola Jeje

Research Analyst

Tellimer Research
31 October 2021
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