First Quarter Group Results

Guidance for FYE 2023 Q1 2023 Achieved FYE 2023 Guidance FYE 2022 Achieved PBT Effective Tax Rate PAT ROAE N86.6Bn 23.8% N330Bn N285Bn 22% 21% N66.0Bn N257Bn N224Bn 18.7% 20.0% 16.8% ROAA 2.1% 2.5% 2.1% NIM 6.9% 8.0% 7.3% Cost of Funds 2.7% 2.2% 1.9% Cost of Risk 0.7% 2.0% 3.2% Cost to Income 53.4% 50.0% 54.4% Deposit Growth 1.8% 20.0% 38.6% Loan Growth 0.6% 10.0% 17.8% Loan to Deposit (Group) 45.4% 60.0% 45.9% Loan to Deposit (Bank) 48.8% 65.0% 51.6% Capital Adequacy 19.5% 20.0% 19.8% Liquidity Ratio NPL NPL Coverage 72.0% 60.0% 75.0% 4.3% 4.5% 4.3% 117.0% 120.0% 115.9% © 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 40

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