Investor Presentaiton

Interest Expense: Funding Cost Optimization Interest Expenses 2021 Time deposits 27.5% Current accounts 9.1% 2020 Borrowed funds and Savings accounts 15.6% • Interest expense declined by 12% YoY as a result of the strategic rebalancing of our funding base. N'million 2021 2020 YOY lease 47.8% Current accounts 9,758 29,657 -67% Savings accounts 16,653 22,130 -25% Time deposits 24.2% Current accounts Time deposits 29,377 29,274 0% Borrowed funds and lease 51,005 40,070 27% 24.5% Total 106,793 121,131 -12% Borrowed funds and lease 33.1% Savings accounts 18.3% © 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 20

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