Zenith Bank targets N1 trillion profit by December….already post N406.8 billion pre-tax profits in Quater 2,

Zenith Bank reported its 2024 second quarter results showing pre-tax profits topped N406 billion in the second quarter of 2024 as forex related gains boosted bottom line.

The profits represent a 370% increase year on year when compared to the N86.8 billion reported a year earlier.

Zenith Bank’s profits got a major boost from gains made on its trading books which soared to N871.6 billion for the first 6 months of the year up from N77.9 billion a year earlier.

This helped propel half year pre-tax profits to a whopping N727 billion suggesting Zenith Bank is on track to be the first commercial bank to hit N1 trillion in profits by the end of the year.