After successfully completing a thorough upgrade to its Information Technology (IT) infrastructure, Zenith Bank Plc has promised its clients an improved banking experience.
Zenith Bank’s group managing director/chief executive officer, Dr. Adaora Umeoji, thanked the bank’s customers for their patience throughout the recent switch to a more reliable and effective operating system in a statement sent to the media, Daily Sun reported.
Dame Adaora shared:
The unaudited third-quarter results for Zenith Bank Plc, which concluded on September 30, 2024, showed an impressive triple-digit growth of 118%, from N1.33 trillion in Q3 2023 to N2.9 trillion in Q3 2024. This performance demonstrates the Group’s tenacity and market dominance despite the difficult macroeconomic climate.
The triple-digit growth in the top line also resulted in a higher bottom line, as the Group recorded a 99% Year on Year (YoY) increase in profit before tax, rising from N505 billion in Q3 2023 to N1.0 trillion in Q3 2024, according to the Bank’s unaudited third quarter financial results submitted to the Nigerian Exchange (NGX).
TimesNow.com.ng earlier reported that as Nigerian banks migrate to more secure platforms to protect depositors’ funds, customers have asked financial institutions to compensate them for losses incurred during network downtime.
A previous report by TimesNow.com.ng disclosed that about four commercial banks in Nigeria issued notices of system upgrades in the past weeks, which caused customers to have trouble carrying out transactions.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
