BUSINESS

Zenith Bank Gains N26.68bn After Market Cap Appreciates To N714.27bn

 

The Zenith Bank Plc has gained N26.68 billion w-o-w after its market capitalization appreciated to N714.27billion from N687.58 billion at the end of the week.

This appreciation can be attributed to the 3.9% growth in its share price, from N21.90 traded at the end of last week, to N22.75 at the end of this week.

The bank’s Q3 2022 financial result for the period that ended September revealed that interest income for the period grew by 24.7% to N215.81 billion from N173.114 billion in the corresponding period of 2021.

NewsBeatng reports that profit after tax for the period also grew by 15.5% from N54.475 billion in 2021 to N62.924 billion in the current period.

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