Zenith Bank’s Loan Book Shrinks to N9.37trn Amid Decline in Profit

Zenith Bank, Nigeria’s second biggest bank by market capitalisation, saw its loans and advances to customers drop to N9.37 trillion in September from N9.97 trillion at the end of last year.

The banking group reported a profit after tax N764.2 billion for the first nine months of the year, down from N827.28 billion in the same period of 2024, according to its latest earnings report.

Its net interest income rose to N1.93 trillion from N1.28 trillion, while customer deposits grew to N23.69 trillion from N21.96 trillion.