Zenith Bank Plc Q3’23 Earnings: Interest Income, FX revaluation gains improve performance

Analyst: Olumide Sole* In its Q3 financial statements, ZENITHBANK reported a 68% y/y jump in Gross Earnings to ₦362 billion, 8% below our estimate of ₦392 billion. This improvement was majorly a result of the expansion of the bank’s loan book in Q3 amid elevated interest rates, as Interest Income grew 71% y/y to ₦256…

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