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Investor Presentaiton

Consolidating Earnings and Profitability 280 256 243 232 204 Zenith Group continues to deliver attractive earnings profile, supported by robust revenue base. PBT (N'Bn) ■ PBT increased by 10% YoY from N255.9bn in 2020 to N280.3bn in 2021 as the Group continues to strengthen its non-interest revenue base. ■ ROAE declined from 22.4% in 2020 to 20.4% in 2021 as a result of the stronger capital base. ■ ROAA declined from 3.1% in 2020 to 2.7% in 2021 due to the significant growth in balance sheet. 2017 2018 2019 2020 2021 ROAA & ROAE 22.9% 23.8% 23.8% 22.4% 20.4% חתנת 3.4% 3.1% 2.7% 3.4% 3.3% 2017 2018 2019 2020 2021 ROAA ROAE © 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 15
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