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The bank held its Annual General Meeting today after an impressive result result, the bank announced a profit before tax(PBT) of N102.10billion for the financial year ended December 2012, up by 51.4% from the N67.44 billion recorded in 2011.
Details of the group's audited result announced on the floors of the NSE showed that the PAT for the period was N100.68billion, which represents a 106.7% jump from the N48.70billion recorded in the corresponding period of 2011.
The much expected result confirms the bank's leadership position in the industry as it became the first to cross the N100billion profit after tax(PAT) mark in a financial year.
A fallout of the AGM is the resignation of two Executive Directors: Mr Elias Igbinkenzua and Andy Ojei already circulated their retirement via email, it takes effect April 30, 2013, the former worked in Zenithbank for 20 years while the latter is 21years.They took the bank to great heights and their contributions to the bank's growth is quite noteworthy and extraordinary.
Resignation of two EDs! Is dat a gud sign?! Hope all is well at Zenith Bank plc esp with all these declaration of huge profits in these trying times!
ReplyDeleteAbout time,20years is a pretty long time.
ReplyDeleteInstead of dem to promote deir staff.useless,selfish bastards.use&dump organisation.smfh
ReplyDeleteDnt mind them. 1st to reach N100m profit my ass, yet na suffer,nasty politics,abuse full d place.nonsense
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