First Quarter Group Results

Continued Market Dominance - Strong Liquid Asset Base & Funding Mix High quality balance sheet with diversified funding sources. Liquid Assets Q1 2023 Debt securities 27.9% FYE 2022 N'million Q1 2023 Due from other banks 25.0% Cash Operating accounts with CBN Treasury bills Debt securities Treasury. bills Cash Due from other banks 1.1% Total 42.1% FYE 2022 59,531 85,437 (30%) 218,989 366,699 (40%) 2,355,775 2,246,538 5% 1,557,096 1,634,451 (5%) 1,398,193 1,302,811 7% 5,589,584 5,635,936 (1%) YTD Debt securities 29.0% Due from other banks 23.1% Cash Operating accounts with CBN Treasury bills Operating 39.9% 1.5% Total CRR balance: N2.24 Trillion (Dec. 2022: N1.75 Trillion) 3.9% accounts with CBN 6.5% Funding Mix Q1 2023 Debt Securities Issued Equity 12.1% N'million Customers' deposits 0.0% FYE 2022 Debt Securities On-lending facilities Borrowings Borrowings Q1 2023 9,136,259 301,304 1,082,779 FYE 2022 YTD 8,975,653 311,192 (3%) 2% Issued 0.0% Equity 11.9% Borrowings 8.3% 963,450 12% On-. 9.1% Debt Securities Issued Equity 0% lending facilities 1,441,557 1,378,940 5% On-lending facilities 2.5% Customers' deposits 76.4% 2.7% Total 11,961,899 11,629,235 3% Customers' deposits 77.2% © 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 24

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