Zenith Bank 9M 2019 result: Slow growth

Zenith Bank reported unaudited 9M 2019 results today. Net interest income was reported down 6.1% y/y. Net fee and commission income was up 19.1% from the previous year. The cost to income ratio fell 151bps to 47.6% y/y. Net profits were reported at N150.7bn (US$418.6m), up 4.5% from the previous year.

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