By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc said on Monday its post-tax profit for the period ended December 31, 2016 climbed up 22.9 percent to N129.6 billion from N105.5 billion recorded a year earlier.

Pretax profit for the review period also appreciated 24.8 percent to N156.7 billion from N125.6 declared the same period of last year.

Gross earnings of the tier one lender grew from N432.5 billion in the 2015 year end to N507.9 billion in the review period of 2016; indicating a growth of 17.4 percent, according to ZENITHBANK in a filing with the Nigerian Stock Exchange (NSE).

ZENITHBANK proposed the pay investors a dividend of N1.77 kobo per share.