Zenith Bank Plc has launched its unaudited {financial} outcomes for the 9 months ended 30 September 2025, with a outstanding 16% year-on-year progress in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s efficiency continues to exhibit resilience, sturdy momentum, disciplined execution and a capability to ship long-term shareholder worth regardless of difficult macroeconomic surroundings.
According to the {financial} outcomes offered to the Nigerian Exchange (NGX), the expansion in gross earnings was pushed by a sustained progress in curiosity revenue which grew by 41% year-on-year to N2.7 trillion. The progress in curiosity revenue was supported by a high-yield charge surroundings and an enlargement within the Bank’s funding portfolio. Despite the rise in curiosity expense by 22% to N814 billion on the again of a tightening financial cycle and a progress within the Bank’s funding base, the Bank was in a position to obtain a wholesome Net Interest Margin (NIM) of 12% as towards 10% in September 2024. Non-interest revenue declined by 38% to N535 billion, underpinned by a 60% decline in buying and selling positive aspects.
Profitability remained sturdy, with revenue earlier than tax at N917 billion as towards N1.00 trillion reported in September 2024. Profit after tax additionally declined by 8% to N764 billion and Earnings Per Share (EPS) got here in at N18.60 as towards N26.34 in September 2024, because the Bank took daring measures to enhance the standard of its mortgage portfolio.
The Bank’s whole belongings grew by 4% from N30 trillion in December 2024 to N31 trillion as at September 2025. This was largely supported by buyer deposits, which rose by 8% to N23.7 trillion inside the similar interval. Gross loans declined by 9% to N10 trillion as at September 2025, whereas Non-Performing Loan (NPL) ratio improved to three% because of the write-off of non-performing loans.
Return on Average Equity (ROAE) and Return on Average Assets (ROAA) stood at 23.3% and three.3% respectively. Cost of funds elevated to 4.5%, underscored by the broader elevated rate of interest surroundings. The Group’s value of danger stood at 10% whereas cost-to-income ratio rose to 45%.
Coverage ratio and liquidity ratio stay stable and nicely inside regulatory limits at 211.1% and 53% respectively. This highlights the Bank’s sturdy capital place and liquidity profile in addition to its means to fund strategic progress alternatives. It additionally displays its unwavering dedication to a prudent danger administration, compliance and company governance tradition.
Commenting on the outcomes, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, stated: “the Bank’s robust performance is an attestation to the resilience of the Zenith brand, result-driven strategy, and the adaptability of our people in an evolving operating environment. We have fortified our capital base, reset our asset quality, and are well positioned for sustainable and profitable growth”.
Looking to This autumn 2025, Dame Dr. Umeoji strengthened her optimistic outlook: “This result confirms the resilience of both our business model and our people. We’re on a solid growth path that we expect to maintain through the remainder of the year. Our focus on innovation, digital transformation, and developing solutions that address our clients’ changing needs positions us to capitalise on emerging opportunities whilst maintaining our disciplined approach to growth.” She assured shareholders that the sturdy efficiency, mixed with improved asset high quality and the Bank’s sturdy capital base, positions Zenith Bank to ship distinctive returns with expectations of sustained worth creation. “We’re well placed to sustain this momentum whilst maintaining responsible leadership in the Nigerian banking industry and delivering exceptional value to all our stakeholders.”
The Bank’s observe document of fantastic efficiency has continued to earn the model quite a few awards, together with being recognised because the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive 12 months within the 2025 Top 1000 World Banks Ranking, printed by The Banker and “Nigeria’s Best Bank” on the Euromoney Awards for Excellence 2025. The Bank was additionally awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, within the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria within the Euromoney Awards 2023; and was listed within the World Finance Top 100 Global Companies in 2023.
Further recognitions embrace Best Commercial Bank, Nigeria for 5 consecutive years from 2021 to 2025 within the World Finance Banking Awards and Most Sustainable Bank, Nigeria within the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged because the Best Corporate Governance Bank, Nigeria, within the World Finance Corporate Governance Awards for 4 consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for 4 consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s dedication to excellence led to Zenith being additionally being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 on the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for 3 consecutive years from 2020 to 2022 and 2024 to 2025. The Bank additionally obtained the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, within the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was additionally adjudged ‘Rights Issue/ Public Offer of the Year on the Nairametrics Capital Market Choice Awards 2025.
Zenith Bank has additionally bagged a number of non-financial awards together with, Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment on the SERAS CSR Awards Africa 2024.
