At the 32nd Annual General Meeting (AGM), shareholders of Zenith Bank Plc unanimously approved the proposed final dividend payment of NGN2.90 per share, bringing the total dividend for the 2022 financial year to NGN3.20 per share, with a total value of NGN100.47 billion.
Founder and Chairman Jim Ovia, CFR, expressed gratitude to shareholders for their support, while Group Managing Director/Chief Executive, Dr Ebenezer Onyeagwu, emphasized the bank’s determination to maintain growth in digital and retail banking.
Shareholders Commend Zenith Bank for Consistent Value Delivery
Dr Faruk Umar, President of the Association of the Rights of Nigerian Shareholders (AARNS), commended Zenith Bank’s Board and Management for delivering value to shareholders despite challenging economic conditions.
Chief Timothy Adesiyan, President of the Shareholders Solidarity Association of Nigeria, expressed delight at the dividend payout and thanked the Board and Management for outstanding performance.
Zenith Bank Group Reports Impressive Financial Results
Zenith Bank Group achieved 24% growth in gross earnings, driven by a 26% YoY growth in interest income and a 23% YoY growth in non-interest income, while customer deposits grew by 39%.
Net-Interest-Margin (NIM) increased from 6.7% to 7.2%, and operating expenses grew by 17% YoY. In 2023, Zenith Bank Group plans to expand its reach, add new verticals to its businesses, and pursue growth in all chosen markets.
Zenith Bank Wins Multiple Awards for Exceptional Performance
Zenith Bank’s track record of excellent performance has earned numerous awards, including being recognized as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.
It also won Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022, and Best Bank in Nigeria for three consecutive years from 2020 to 2022 in the Global Finance World’s Best Banks Awards.