The profit represented a growth of five per cent when compared to N144.18 billion achieved in the corresponding period of 2018.

The bank in the unaudited result released by the Nigerian Stock Exchange (NSE) said that profit before tax stood at N176.18 billion against N167.31 billion in the comparative period of 2018.

Also, the lender increased its gross earnings for the period by 3.52 per cent to N491.3 billion against N474.6 billion in nine months of 2018.

The group recorded a significant growth in non-interest income, expanding by 22 per cent to N156.8 billion from N128.7 billion in corresponding period of 2018.

The bank said that its cost optimisation strategies and aggressive retail banking drive were yielding the desired effects as cost-to-income ratio declined from 51.2 per cent in third quarter 2018 to 50.1 per cent in Q3 2019.

Similarly, Earnings Per Share (EPS) rose by five per cent to N4.80 during the period under review from N4.58 in Q3 2018.

“Our robust risk management framework has ensured that non-performing loans (NPL) ratio declined from 4.98 per cent in December 2018 to 4.95 per cent in the current period.

“Our commitment to maintaining a shock-proof balance sheet remains with liquidity and capital adequacy ratios at 63.8 per cent and 23.8 per cent respectively, both above regulatory thresholds.

“In this final quarter of the year, we will sustain our competitiveness and share of market in the corporate segment and build upon our digital foundations to reinforce our retail banking initiatives,” the bank said.

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The bank said in Lagos on Saturday that the upgraded mobile app had improved user interface and more offerings such as QR payments, biometric sign-on for android users and a help menu for prompt challenge resolution to guarantee more rewarding bank experience.

Mr Ebenezer Onyeagwu, its Group Managing Director, said the new features were designed to further create value for customers.

“To download the Zenith mobile app, customers need to uninstall the former application to be able to install the new one.

“The Zenith mobile app is available for free download on the android and IOS app stores by following this link https://ww.zenithbank.com/smartlink

“Zenith Bank is recognised as one of the most innovative financial institutions in Nigeria and was adjudged as the most customer-focused bank in Nigeria for the retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS),” the bank said.

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The bank said in Lagos on Sunday that the new offering was aimed at creating a more convenient and efficient way for Nigerians to apply for Dubai Visa as a large number of people travel there several times each year.

“Customers simply need to log on to the Zenith Bank Internet Banking Platform, select the Dubai Visa tab under the payment menu, fill out their personal information, upload a passport photograph, 6 months bank statement and international passport data page with a minimum of 6 months’ validity from proposed travel date and submit their application.

“The Visa fees would be instantly charged to the customer’s account and he/she would be notified of the status of his/her visa application within 36 hours.

“Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS),” the bank said.

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