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Zenith Bank Non-Banking Units Drive H1 Growth with N9.11bn Profit

Zenith Bank’s non-banking subsidiaries, Zenith Pensions Custodian Limited and Zenith Nominees Limited, reported a combined profit before tax of N9.11 billion for the first half of 2026. This performance, largely driven by the pension custodian unit, represents over 60% of their total 2025 earnings. Additionally, the group’s recent acquisition of Paramount Bank Kenya has further expanded its non-banking reach into East Africa through new insurance and advisory entities. At the group level, Zenith Bank reported a consolidated half-year profit of N637.60 billion, supported by improved margins and reduced impairment charges.

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