Zenith Bank Plc has lost N21.98 billion w-o-w after its market capitalization depreciated to N605.95 billion from N627.93 billion at the end of the week.
This depreciation can be attributed to the 3.50% fall in its share price, from N20.00 traded at the end of last week, to N19.30 at the end of this week.
NewsBeatng reports that the bank’s H1 2022 financial result for the period ended March revealed that Interest income for the period grew by 18.5% to N242 billion from N203.93 billion in the corresponding period of 2021.
However, post-tax profit for the period reported a growth of 5% from N106.12 billion in 2021 to N111.41 billion in the current period.
