Zenith Bank Mulls Interim Dividend Payment


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 Zenith Bank Plc

Shareholders of Zenith Bank Plc should expect an interim for the half year ended June 30, 2015, market sources have said.  While some banks have released their half year results, that of Zenith Bank is being awaited. Market sources said the delay may not be unconnected with the decision of the bank to release an audited results and also pay an interim dividend of the first time in the history of the financial institution.

“The board of the bank has met and considered the half year results. The board has decided that the bank submit an audited results and also recommend an interim dividend. These decisions are awaiting regulatory approvals and would be made public once done,” a market source said.

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Zenith Bank Plc had ended the first quarter to March 31, 2015 with gross earnings of N113.3 billion, up from N94. 3billion in the corresponding of 2014.  The bank posted a profit after tax of N33.1 billion, showing an increase of 15 per cent from N28.9 billion. Similarly, profit after tax rose by 17 per cent from N23.6 billion to N27.6 billion.

Zenith Bank recently got three certifications from the British Standards Institution (BSI). They are the Information Security Management System ISO/IEC 27001:20013; IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012.

BSI’s risk-based solutions are designed to help organisations mitigate risk, improve business resilience, meet customer requirements every time and fulfil regulatory and statutory obligations. As a result, they provide customers and stakeholders with the means with which to obtain the assurance they will continue to operate, whatever the incident or crisis.thisday.