Investor Presentaiton
Profit or Loss Statement
Strong bottom line, boosted by strong growth in fees & commission income, trading income and reduction
in funding cost.
Group
Group
YOY
(N'million)
2021
Gross earnings
Interest and similar income
765,558
2020
696,450
Change
10%
427,597
420,813
2%
Interest and similar expense
(106,793)
(121,131)
(12%)
Net interest income
320,804
299,682
7%
Impairment charge
(59,932)
(39,534)
52%
Net interest income after impairment charge
260,872
260,148
0%
Net income on fees and commission
103,958
79,332
31%
Trading gains
167,483
121,678
38%
Other operating income
37,594
50,735
(26%)
Amortisation of intangible assets
(3,779)
(3,537)
7%
Depreciation of property and equipment
(25,305)
(25,125)
1%
Personnel expenses
(79,885)
(79,520)
1%
Operating expenses
(180,564)
(147,850)
22%
Profit before income tax
280,374
255,861
10%
Income tax expense
(35,816)
(25,296)
42%
Profit after tax
244,558
230,565
6%
© 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 14View entire presentation