First Quarter Group Results

Balance Sheet - Liabilities & Equity Assets are largely funded by deposits with a strong capital base providing buffer for further growth. (N'million) Group Group Liabilities Mar-23 Dec-22 YTD Change Group Mar-22 Customers deposits 9,136,259 8,975,653 2% 7,253,795 Derivative liabilities 12,949 6,325 105% 12,354 Current income tax payable 80,680 64,856 24% 26,779 Deferred tax liabilities 19,799 16,654 19% 6,893 Other liabilities 1,283,889 568,559 126% 636,462 On-lending facilities 301,304 311,192 (3%) 360,507 Borrowings 1,082,779 963,450 12% 651,309 Debt securities Issued 0 0 45,773 Total liabilities 11,917,659 10,906,689 9% 8,993,872 Equities and reserves Share capital Share premium Retained earnings Other reserves Non-controlling interest Total Shareholders' equity 15,698 15,698 0% 15,698 255,047 255,047 0% 255,047 682,776 625,005 9% 657,665 487,187 482,377 1% 400,810 849 813 4% 1,177 1,441,557 1,378,940 5% 1,330,397 © 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 22

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