First Quarter Group Results

Interest Expense lines Interest Expenses Q1 2023 Current Borrowed accounts funds 35.4% • 14.7% Savings Q1 2022 Borrowed funds 32.0% Time deposits 29.1% Time deposits 33.5% Current accounts 16.8% accounts 20.7% Interest expense rose by 174% YoY as a result of improvement in the yield environment. N'million Q1 2023 Q1 2022 YOY Current accounts 10,449 4,330 141% Savings accounts 14,658 4,585 220% Time deposits 20,650 8,657 139% Savings accounts 17.7% Borrowed funds 25,086 8,273 203% Total 70,843 25,845 174% © 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 19

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