Investor Presentaiton

Balance Sheet - Liabilities & Equity Assets are largely funded by deposits with a strong capital base providing buffer for further growth. (N'million) Group Group YOY Liabilities Dec-21 Dec-20 Change Customers deposits 6,472,054 5,339,911 21% Derivative liabilities 14,674 11,076 33% Current income tax payable 16,909 11,690 45% Deferred income tax liabilities 11,603 1 Other liabilities 487,432 703,292 (31%) On-lending facilities 369,241 384,573 (4%) Borrowings 750,469 870,080 (14%) Debt securities issued 45,799 43,177 6% 8,168,181 7,363,800 11% Total liabilities Equities and reserves Share capital Share premium Retained earnings Other reserves Non-controlling interest Total Shareholders' equity 15,698 15,698 0% 255,047 255,047 0% 607,203 521,293 16% 400,570 324,461 23% 1,144 974 17% 1,279,662 1,117,473 15% © 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 23

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