May 2, 2025/CSL Research

Financial Highlights:

• Interest Income: +71.5% y/y to N837.64BN
• Interest Expense: +35.3% y/y to N246.45BN
• Cost of Risk: -10bps y/y to 1.8%
• Cost to Income Ratio: +627bps y/y to 41.2%
• Profit before Tax: +9.6% y/y to N350.82BN

Stock Rating: BUY Target Price: N59.69/s

To read the full report, click on the link below​​

​CSL Zenith Bank Q1 2025 Quick Take.pdf​​​​​​​​​​​​​​​​​​​​​

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