BUSINESS

Zenith Bank Rakes In N34.5billion After Market Capitalization Appreciates To N802.1billion

 

Zenith Bank Plc has gained N34.5 billion w-o-w after its market capitalization appreciated to N802.1 billion from N767.6 billion at the end of the week.

Analysts argued that the appreciation could be as a result of the 1.9% increase in its share price from N24.45 to N25.55.

NewsBeatng reports that 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.

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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