October 31, 2024/InvestmentOne Report Surge in Gross Earnings: Zenith bank’s 9M’2024 results disclosed that the tier-one bank recorded an EPS of NGN26.34 in the review period, compared to NGN13.82 in the corresponding period in 2023. This reflects the bank’s substantial performance with respect to earnings growth. We highlight that gross […]
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Zenith Bank Plc 9M 2024: Strong growth in Interest & Fee Income Amidst Cost Pressures & High Impairment Charge
October 31, 2024/CSL Research Zenith Bank’s 9M 2024 unaudited numbers showed a strong 190.2% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 62.7% y/y but was up 43.4% in 9M 2024 compared with the December […]
SEC Charges Florida Resident with Operating a $1.6 Million Ponzi Scheme Targeting the Serbian-American Community
October 31, 2024/US SEC Yesterday, the Securities and Exchange Commission (“SEC”) charged Pannon Investment Advisors LLC and its Chief Executive Officer, Dusan Varga, alleging they fraudulently raised approximately $1.6 million from at least 20 investors through an unregistered securities offering. Most of the investors are members of the Serbian-American community, […]
