Despite the economic challenges, Zenith bank being Nigeria’s tier-one lenders recorded a 5% increase in its gross earnings placing its result for the year ended December 31 2020 at ₦696.5 billion from ₦662.3 reported the previous year.
Chairman of the bank, Jim Ovia on Tuesday disclosed this as it held its 30th Annual General Meeting at the Civic Centre in the Victoria Island area of Lagos State.
Jim Ovia said, the result was achieved through the resilience of the brand as well as the ability of the bank to leverage the innate opportunities within the environment.
“Zenith Bank is committed to building a more sustainable and inclusive economy. As such, we have continued to integrate sustainability principles in our business operations and investment decisions in line with global best practices,” he said.