By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Zenith Bank Plc said on Thursday it expects pretax profit of N126 billion in year 2016 a marginal 0.3 percent increase from N125.6 billion recorded last year, according to a Reuters report.

According to the report, the Bank said it expects loan growth of 5-10 percent this year, down from 15.6 percent in 2015.

Shares of Zenith at the close of today’s trading on the domestic bourse declined 0.65 percent to N12.27 from N12.35 traded the previous session; losing 0.08 kobo per share.