Culled—Proshare August 15, 2017/FBNQuest Research Maintaining Outperform rating following 37% increase to our PT Zenith Bank’s (Zenith) Q2 2017 PBT surprised positively due to strong y/y growth in non-interest income which more than offset a subdued performance in funding income and negative surprises in loan loss provisions and opex. A […]
Results & Dividends
Zenith Bank Plc H1 Results – Forward Hump Boosts Earnings
Culled—Proshare August 14, 2017/ARM Research Zenith Bank Plc. (Zenith) released audited H1 2017 result with its numbers showing a two-fold YoY increase in EPS to N2.40 largely supported by surprise FX trading income and FX revaluation gains. In addition, the bank declared an interim dividend of 25kobo— unchanged from last […]
Zenith Bank Plc – Earnings Beat as FX Income Spike Dwarfs Huge Provision
Culled—Proshare August 14, 2017/Vetiva Research • High interest rate environment lifts top line despite flat loan growth • Elevated OPEX and Interest cost persist • Provision in Power and Telecom assets pressure asset quality Marked deviations from estimates as earnings beat ZENITHBANK released its audited H1’17 result posting marked deviations […]
