Zenith banks pat crosses n200bn mark sets goal for 2020

Here's a summary of the article:

Zenith Bank's Profit Crosses N200bn Mark, Sets Goal for 2020

Zenith Bank Plc, one of Nigeria's leading banks, has announced that its profit before tax (PBT) has crossed the N200 billion mark, a significant milestone in the bank's history. This achievement is a testament to the bank's strong financial performance and its ability to navigate the challenges in the Nigerian banking industry.

According to the bank's unaudited financial results for the year ended December 31, 2019, Zenith Bank's PBT stood at N204.9 billion, representing a growth of 15.5% compared to the N177.4 billion recorded in the previous year.

The bank's gross earnings also increased by 15.5% to N744.2 billion in 2019, from N643.5 billion in 2018. The bank's net interest income rose by 14.4% to N444.8 billion, while its non-interest income increased by 17.4% to N299.4 billion.

The bank's management has set a goal to achieve a PBT of N250 billion in 2020, which is a 22.3% increase from the 2019 figure. The bank's CEO, Ebenezer Onyeagwu, attributed the bank's strong performance to its strategic focus on digital banking, cost optimization, and its commitment to providing excellent customer service.

Overall, Zenith Bank's impressive financial performance is a reflection of its strong brand, robust risk management, and its ability to adapt to the changing banking landscape in Nigeria.