Zenith Bank Plc’s non-Nigerian subsidiaries recorded a mixed profit earlier than tax (PBT) of N166.09 billion in the primary half of 2026, as its worldwide operations continued to contribute to the group’s earnings.
The profit represents 49.85% of the N331.77 billion PBT reported by the foreign subsidiaries for the complete 2025 monetary yr.
According to the financial institution’s H1 2026 monetary report, its worldwide operations throughout Ghana, the United Kingdom, Sierra Leone, The Gambia, Kenya and Côte d’Ivoire generated mixed working revenue of N359.57 billion throughout the interval.
The group’s non-Nigerian property stood at N8.50 trillion, reflecting the dimensions of its worldwide operations, with Zenith Bank UK and Zenith Bank Ghana accounting for important parts of the portfolio.
Ghana leads foreign subsidiaries’ earnings
Zenith Bank (Ghana) Limited was the biggest contributor to the foreign subsidiaries’ pre-tax profit, recording N106.87 billion in H1 2026.
- The subsidiary generated working revenue of N202.99 billion, whereas its profit after tax (PAT) stood at N69.30 billion.
- Its H1 pre-tax profit was equal to 55.26% of the N193.37 billion recorded for the complete 2025 monetary yr.
- Zenith Bank Ghana closed the half-year with whole property of N3.60 trillion and buyer deposits of N2.98 trillion, underscoring its significance to the group’s worldwide earnings.
UK subsidiary stays largest offshore operation
Zenith Bank (UK) Limited generated working revenue of N115.02 billion and PBT of N33.57 billion throughout the first half of 2026.
Its profit after tax stood at N26.04 billion, whereas buyer deposits reached N3.60 trillion and whole property rose to N4.27 trillion.
The UK subsidiary stays the group’s largest offshore operation by balance-sheet dimension, accounting for about half of its N8.50 trillion in non-Nigerian property.
The financial institution serves as a hub for wholesale banking and worldwide commerce finance and likewise maintains operational branches in the United Arab Emirates and France.
Sierra Leone and The Gambia report income
Zenith Bank’s operations in Sierra Leone and The Gambia additionally contributed to the group’s worldwide earnings.
Zenith Bank (Sierra Leone) Limited recorded working revenue of N25.99 billion and PBT of N20.69 billion in H1 2026. Its PAT stood at N15.52 billion, whereas whole property reached N243.83 billion and buyer deposits amounted to N171.98 billion.
Zenith Bank (The Gambia) Limited generated working revenue of N9.29 billion and PBT of N4.24 billion. The subsidiary reported PAT of N2.97 billion, with whole property of N133.96 billion and buyer deposits of N84.90 billion.
Kenya, Côte d’Ivoire increase worldwide footprint
The first half of 2026 additionally marked milestones in Zenith Bank’s enlargement into East Africa and Francophone West Africa.
On May 11, 2026, the group accomplished its acquisition of 100% of Paramount Bank Kenya Limited, which contributed N3.07 billion in working revenue and N495 million in PBT throughout the interval.
- The Kenyan subsidiary reported PAT of N575 million and whole property of N184.09 billion throughout its preliminary post-acquisition consolidation section.
- The transaction additionally generated a N2.29 billion achieve on cut price buy, recognised in the group’s profit or loss assertion.
- In Côte d’Ivoire, Zenith Bank’s new subsidiary, which commenced operations in April 2026, recorded working revenue of N3.22 billion and PBT of N220 million. PAT stood at N165 million, whereas whole property reached N76.66 billion on the finish of the interval.
The two operations signify the group’s enlargement into further African markets, extending its presence past its established West African companies and UK operations.
Zenith Bank raises interim dividend by 20%
Alongside its worldwide operations, Zenith Bank proposed an interim dividend of N1.50 per share for H1 2026, up 20% from N1.25 per share paid for the corresponding interval of 2025.
The dividend is scheduled for digital fee on October 30, 2026, to shareholders whose names seem on the register of members as of October 23, 2026, and who’ve accomplished their e-dividend registration and authorised direct fee into their financial institution accounts.
Holders of the financial institution’s Global Depositary Receipts (GDRs) will obtain their dividends after that date.
