Zenith Bank Ghana reports a 41.03% YoY profit increase to GH¢306.5 million in Q1 2024.
Zenith Bank Ghana reports a 41.03% YoY profit increase in Q1 2024 to GH¢306.5 million, driven by interest and non-interest income growth. Net interest income rises 59.2% to GH¢302.2 million. Loans and advances increase 54.9% to GH¢2.1 billion, while deposits reach GH¢12.7 billion, a 36.4% increase. Bank's liquidity ratio improves to 99.84% and capital adequacy ratio reaches 31.76%, both surpassing regulatory requirements. Non-performing loans ratio falls to 2.14% from 5.05%.
May 08, 2024
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