Zenith Bank Ghana Limited delivered a robust financial performance in 2025, with profit after tax rising sharply to GH₵997.7 million, nearly doubling from GH₵452.0 million recorded in 2024.
This signifies an increase of approximately 121 per cent year-on-year.
The growth in earnings was underpinned by solid expansion in core banking income and improved operating efficiency, reinforcing the bank’s position as one of the top-performing lenders in Ghana’s banking sector.
Net interest income increased significantly to GH₵1.57 billion, supported by strong growth in interest income, which stood at GH₵2.65 billion.
This reflects higher yields on earning assets and sustained growth in lending activities. Non-interest income also contributed positively, with net fees and commissions rising to GH₵401.3 million, while trading and other income remained a strong complementary revenue stream.
Overall, operating income climbed to GH₵2.39 billion, highlighting the bank’s ability to generate diversified revenue across multiple business lines.
Despite the strong revenue performance, operating costs remained elevated. Personnel expenses rose to GH₵317.4 million, while other operating expenses stood at GH₵342.7 million. However, the bank maintained a healthy profitability profile, with profit before tax reaching GH₵1.52 billion.
Impairment charges on financial assets increased to GH₵140.4 million, reflecting a cautious approach to credit risk amid expanding loan activity and evolving macroeconomic conditions.
The bank’s balance sheet remained solid, with total assets rising to GH₵26.7 billion. Loans and advances to customers stood at GH₵7.21 billion, while customer deposits remained the primary funding source at GH₵20.8 billion, underscoring strong customer confidence and a stable funding base.
Zenith Bank Ghana’s capital position also remained strong, with a capital adequacy ratio of 24.1 per cent, comfortably above regulatory thresholds. Liquidity levels were also robust, with a liquidity ratio of 84 per cent, indicating ample capacity to meet short-term obligations.
Asset quality improved markedly during the year, with the non-performing loans ratio declining to just 1.0 per cent from 8.5 per cent in 2024, reflecting effective credit risk management and improved loan recoveries.
The bank continued to strengthen its equity base, which rose to GH₵3.05 billion, supported by retained earnings. However, the board did not recommend the payment of dividends, opting instead to reinvest profits to support future growth and capital strength.
The strong performance comes under the leadership of Managing Director and Chief Executive Officer Henry Chinedu Onwuzurigbo, whose stewardship has coincided with sustained growth and operational discipline at the bank.
In recognition of its performance and market leadership, Zenith Bank Ghana was named Bank of the Year Ghana 2025 by The Banker magazine. This marks the sixth time the bank has received the award, having previously won in 2014, 2015, 2017, 2018, and 2024.
The bank also secured multiple international honours in 2025, including Best Bank in Ghana at The European Awards, Bank of the Year 2025 by World Business Outlook Awards, and Best Bank Persistency Ghana at the Prudential Africa Awards.
The performance underscores Zenith Bank Ghana’s resilience and disciplined execution strategy, even as the broader macroeconomic environment remains challenging. With strong capital buffers, improved asset quality, and diversified income streams, the bank appears well-positioned to sustain its growth trajectory in the near term.
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