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Tuesday , 26 September 2017

Zenith Bank beats analysts’ expectation with Q3 Report

Foreign currency revaluation gain has spurred Zenith Bank to growth as the Nigeria’s second largest lender by market value recorded a double digit growth in profit to beat analysts’ expectation.

Analysts say Zenith Bank is better placed to attract investors due to its reputation for strong risk management, strong capital base and its ability to use technology for transformation.

Now,Market analysts generally have been commending the performance of the bank, noting that the last quarter results were above market estimates .It is believed in that  the nine-month profit before tax of N121 billion indicates possibility that the bank will surpass the N123 billion projection made by the management for the full year ending December 31, 2016.

 

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