Zenith Bank PLC 2024 AR2
The report highlights Zenith Bank Plc's strong financial performance in 2024, with gross earnings increasing by 86.38% to NGN 3.97 trillion and profit after tax rising by 52.59% to NGN 1.03 trillion. The company successfully completed its IT migration to a next-generation core banking system, "Project Tiger," and expanded its European footprint by establishing business operations in Paris, France. On the sustainability front, the bank invested NGN 4.75 billion in corporate social responsibility initiatives, focusing on healthcare, education, and sports development. Additionally, the company successfully raised NGN 351 billion through a combined rights issue and public offer to meet the Central Bank of Nigeria's recapitalization requirements.
Company: Zenith Bank PLC
Sector: Financials
Country: Nigeria
Year: 2024
Type: AR2
Pages: 276
Zenith Bank PLC
Annual Report And Financial Statements
The report highlights Zenith Bank Plc's strong financial performance in 2024, with gross earnings increasing by 86.38% to NGN 3.97 trillion and profit after tax rising by 52.59% to NGN 1.03 trillion. The company successfully completed its IT migration to a next-generation core banking system, "Project Tiger," and expanded its European footprint by establishing business operations in Paris, France. On the sustainability front, the bank invested NGN 4.75 billion in corporate social responsibility initiatives, focusing on healthcare, education, and sports development. Additionally, the company successfully raised NGN 351 billion through a combined rights issue and public offer to meet the Central Bank of Nigeria's recapitalization requirements.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees