Zenith Bank's Half-Year Profit Falls 19% as Tax Bill Doubles

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Zenith Bank's Half-Year Profit Falls 19% as Tax Bill Doubles

LAGOS — Zenith Bank's profit after tax fell 19.1 per cent to N430.8 billion in the first half of 2026 from N532.2 billion a year earlier, as its tax charge more than doubled to N206.8 billion. Profit before tax rose to N637.6 billion. Gross earnings fell to about N2.5 trillion and net interest income declined 7.4 per cent. The bank recorded a trading loss of N92.2 billion, but impairment charges fell 81.5 per cent. It declared an interim dividend of N1.50 per share, up from N1.25, and said it is on track for a secondary listing in London by 2027.

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