First Quarter Group Results

Healthy Risk Assets Portfolio NPL Coverage Ratio 128.5% 122.3% 115.9% 117.0% 97.3% Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 NPL Ratio 4.4% 4.4% 4.2% 4.3% 4.3% IL Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Our Risk Management Strategy ■ The Group adopts a holistic and integrated approach to risk management and therefore, brings all risks together under one or a limited number of oversight functions. ▪ Risk management is practiced as a shared responsibility; thus the Group aims to build a shared perspective on risks that is grounded in consensus. ■ The process is governed by well defined policies that are subjected to continuous review and are clearly communicated across the Group. ■ Risk related issues are taken into consideration in all business decisions. The Group ensures that there is clear segregation of duties between market-facing business units and risk management functions ■ Risk culture is continuously being entrenched through appropriate training and acculturation. © 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 26

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