Zenith Bank Plc, the Nigeria second-biggest lender by market capital capitalisation, has posted a 5 percent rise in profit after tax to N150.72 billion in the third quarter of 2019, as it intends to increase its focus on consumer lending as lower oil price weighs on the economy.
Profit was largely driven by a 22.15 percent growth in non-interest income to N156.75 billion while fees and commission income hit N73.84 billion.
The company has achieved a target loan growth as loans to advances tom customers increased by 15.54 percent to N2.72 trillion as of September 2019, as it is still trying to recover past loans
